Anchorage — The Bureau of Land Management is announcing seven new oil and gas leases within the National Petroleum Reserve in Alaska (NPR-A).
The leases are the result of a Bureau of Land Management (BLM) oil and gas lease sale held Nov. 19 which generated $658,978 in bids. The seven tracts encompass 66,650 acres. The new leases are held by ConocoPhillips Alaska, Inc./Anadarko E&P Onshore LLC, ConocoPhillips Alaska, Inc. and Nordaq Energy, Inc. The leases were issued after the required regulatory administrative processes were completed and payments received.
BLM Alaska has held 10 lease sales since 1999, with bids totaling more than $261 million. The new leases bring the number of oil and gas leases in the NPR-A to 212, covering more than 1.76 million acres. Tracts available for lease are consistent with the NPR-A Integrated Activity Plan and the Record of Decision signed in February 2013. BLM Alaska is preparing to go out to industry soon for nominations for the 2015 NPR-A lease sale.
Additional information about oil and gas leasing within the NPR-A can be found at: http://www.blm.gov/ak.