Alaska awards seven Cook Inlet tracts

The Alaska Division of Oil and Gas received a total of eight bids from three bidders on seven offshore tracts in the Cook Inlet.

May 14th, 2015

Offshore staff

ANCHORAGE, Alaska – The Alaska Division of Oil and Gas received a total of eight bids from three bidders on seven offshore tracts in the Cook Inlet.

Winning cash bonus bids totaled almost $750,000 for the 23,801 acres. Per acre bids ranged from $155.51 to $25.11.

Woodstone Resources won tracts 437, 788, and 789. Hillcorp Alaska won tracts 126 and 790. AIX Energy won tracts 125 and 158.

The leases are for 10 years.

05/14/2015

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