A Little Extra from Lagniappe: Oil Discovery East of Prudhoe
The Sockeye-2 test is the second successful exploratory well, after the previous winter’s King Street-1, drilled in the Lagniappe area.
Tag: lagniappe alaska
$10.9M from State North Slope Lease Sale
The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.
$8M from Combined State Slope, Inlet Lease Sales
Area-wide lease sales for the North Slope and Cook Inlet brought an estimated $8 million to the State of Alaska, an increase over last year but not the major bump that new Inlet royalty terms were supposed to stimulate.
Growing Interest in North Slope Lease Sale
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.