North Slope Oil Lease Sale Sets Records

Alaskas North Slope oil and gas lease sale saw record-breaking activity, with small companies leading the bidding. Nine companies together bid nearly seventeen million dollars for two hundred seventy-one onshore tracts, marking the most tracts sold since the program began in nineteen ninety-nine and the highest amount of money bid since two thousand fourteen. This sale, along with ongoing exploration and new discoveries, suggests a bright future for the North Slope, with projects ready to go online and a busy construction season ahead. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.