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.