Modest bidding seen in Alaskan Cook Inlet lease sale

摘要

Anchorage—The state of Alaska saw modest bidding May 16 in a Cook Inlet oil and natural gas lease sale while an offering of leases on the Alaska Peninsula in the southwestern part of the state drew no bids. State oil and gas director Bill Barron said the total apparent high bids was $6.86 million with 44 tracts sold to three independent companies and one individual. All 44 tracts offered in the Cook Inlet sale received bids, which covered 200,320 acres.