Oil and Gas Leasing Information
http://www.blm.gov/ak/st/en/prog/energy/oil_gas/npra/npra_leasing.html
Posted on 12/17/2008 7:57:15 AM PST by thackney
Anadarko Petroleum Corp., ConocoPhillips, Petro-Canada, FEX LP and Petro-Hunt LLC have won 10-year leases to drill in in northern areas of the National Petroleum Reserve in Alaska.
The companies submitted high bids of almost $31 million for 150 tracts in the Northwest and Northeast portions of the reserve.
The Bureau of Land Management accepted all high bids in the Sept. 24 oil and gas lease sale and has mailed lease offers to the high bidders. If the companies accept the lease offers and pay the balance of the bonus bid, the annual rental and lease processing fee, the federal agency will issue the leases.
Wow, ANWR is Beautiful! ... *snicker*
Summer
or Winter
Couple local guys, who over last few years never had any time off from up the slope are layed off this winter. They are actually thinking about heading south to Montana they tell me. Oil has always been boom or bust; but is long term exploration as sensitive to oil prices as it seems? Fuel is still $5.75 a gal here in eagle ha.
Certainly a place like the Alaskan North Slope is less volatile in drilling programs than simple wells in Oklahoma. But it also takes more willingness to risk and commit funds and that is drying up fast.
Most of the Slope is still quite busy. But I do know of at least one independent that canceled their plans for this winter exploration.
“If the companies accept the lease offers and pay the balance of the bonus bid, the annual rental and lease processing fee, the federal agency will issue the leases.”
They forgot to add legal fees to fight envoro’s lawsuits.
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