State nets $28.1 million in Slope, Beaufort Sea lease sales
Elwood Brehmer, Alaska Journal of Commerce, November 15, 2018
Exploration interest remained high in the state’s North Slope and Beaufort Sea annual lease sales held Thursday morning, which netted $28.1 million for the state treasury. Winning bids for the North Slope portion of the sale totaled about $27.3 million, the third highest amount since 1998, according to Division of Oil and Gas Director Chantal Walsh. Successful bidders spent about $848,000 for near shore Beaufort Sea leases, which is in line with historical averages, Walsh said. The state received bids on 133 tracts covering 223,680 onshore North Slope acres and eight Beaufort Sea tracts totaling 20,270 acres garnered bids, according to division officials. “We have a lot to be happy about — a very good lease sale,” Walsh said.
With the election over, what’s next for the gas line?
Tim Bradner, Anchorage Daily News, November 15, 2018
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Steve Quinn, KTVA, November 15, 2018
From the Washington Examiner, Daily on Energy:
INTERIOR PREPARES MASSIVE ARCTIC OFFSHORE OIL AND GAS LEASE SALE: The Interior Department said Thursday it was beginning an environmental review for an oil and gas drilling lease sale next year in 65 million acres of federal Arctic waters.
Interior’s Bureau of Ocean Energy Management said it was preparing an environmental impact statement for a proposed lease sale in the Beaufort Sea, off Alaska’s northern coast.
“We especially need to hear from residents of the Beaufort Sea communities, letting us know how the proposed leasing area is currently being used and what specific areas need extra attention,” said James Kendall, director of BOEM’s Alaska Region. “To address these issues, we will use rigorous science together with traditional knowledge and other input we receive from this early step in the leasing process.”
Alaska oil and gas push: The move is the latest example of the Trump administration aiming to boost Alaskan oil output, despite uncertain industry interest because of high costs and opposition from environmentalists.