Interior Sets $25-Per-Acre Minimum for Arctic Drilling Rights

摘要

It will cost at least $25 per acre to buy oil drilling rights in the Arctic National Wildlife Refuge’scoastal plain during a planned Jan. 6 lease sale.1.Successful bidders for the 10-year leases will also face a $10-per-acre rental rate and a fixedroyalty rate of 16.67% on any oil and gas produced from the tracts, according to sale detailsposted by the Bureau of Land Management on Monday.