U.S. Department of the Interior - Bureau of Land Management
The Bureau of Land Management announced yesterday that it signed and issued leases on nine of the tracts that received qualifying bids from the first-ever oil and gas lease sale for the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR).
This means the Bureau of Land Management has now issued leases on 437,804 acres of some of the most highly prospective land on Alaska’s North Slope, with the U.S. Geological Survey estimating nearly 8 billion barrels of recoverable oil on the Coastal Plain.
Lease awardees include Alaska Industrial Development and Export Authority (AIDEA): 7 tracts; Knik Arm Services, LLC: 1 tract, and Regenerate Alaska, Inc.: 1 tract.
Full results from the January 6 lease sale are available at https://www.blm.gov/programs/energy-and-minerals/oil-and-gas/leasing/regional-lease-sales/alaska.
“These leases reflect a solid commitment by both the state and industry to pursue responsible oil and gas development on the Alaska’s North Slope in light of recent assessments,” said Bureau of Land Management Alaska State Director Chad Padgett. “While any further actions on the ground will require additional environmental analysis, this is a hallmark step and a clear indication that Alaska remains important to meeting the nation’s energy needs.”
About the Bureau of Land Management
The Bureau of Land Management manages more than 245 million acres of public land located primarily in the 11 Western states and Alaska. The Bureau of Land Management also administers 700 million acres of sub-surface mineral estate throughout the nation. In fiscal year 2018, the diverse activities authorized on Bureau of Land Management-managed lands generated $105 billion in economic output across the country. This economic activity supported 471,000 jobs and contributed substantial revenue to the U.S. Treasury and state governments, mostly through royalties on minerals.