A Bureau of Land Management oil and natural gas lease sale in the National Petroleum Reserve of Alaska generated more than $11 million in total high bids for roughly one million acres, the best results in 13 years. The lease sale was dominated by a new player, North Slope Exploration, which won 85 of the 92 tracts available.
BLM lease sale in Alaska reserve achieves strong results
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.