Bidding in the next Alaska North Slope Oil & Gas Sales opens in October

Juneau, Alaska (KINY) – Today, the Alaska Division of Oil and Gas announced an oil and gas lease sale for all available state acreage across the North Slope region. 

Bidding will run from Oct. 20 – Nov. 3, with the winning bids published on Nov. 9.

This will be the 25th North Slope Areawide sale. 

Each fall, the State offers all unleased acreage as part of the North Slope region oil and gas sale. Since 1998, these sales have brought in more than $310 million in cash bonuses for the State of Alaska. A portion of these revenues have been deposited into the principal of the Alaska Permanent Fund for the long-term benefit of Alaskans as required by the Constitution, with the remainder appropriated by the Legislature to provide essential public services.

The region is split into three “areawide” sale locations. The first is the North Slope Areawide sale, located in the central region will offer 3.1 million acres on 1,992 tracts.

The second is the Beaufort Sea Areawide sale, comprising the state-owned and managed offshore acreage, will offer nearly 900 thousand acres on 309 tracts.

Lastly, the North Slope Foothills Areawide sale to the south will offer 4.3 million acres on 818 tracts.

Industry lessees currently hold 1.9 million acres on 1,125 leases within the North Slope location and more than 700,000 acres on 255 leases in the Beaufort Sea region. Of those leases, 355 are currently in production and paying royalties to the State.

The department said the sale’s public notice is being posted today to give prospective bidders time to review available tracts and the terms of the sale.

More from News of the North

• 
  Western Alaska braces for strong storm, possible floods

  JUNEAU, Alaska (AP) — A vast swath of western Alaska could see flooding and high winds as the remnants of Typhoon Merbok move toward the Bering Sea region.

• 
  Japanese energy company signs agreement with Juneau Hydro to develop new Hydroelectric plant

  Juneau, Alaska (KINY) – Juneau Hydropower Inc. held a news conference Thursday to announce the signing of a joint development agreement with Tokyo-based energy company, Electric Power Development Co., Ltd., or J-Power, aimed at constructing a Hydroelectric Development Project near Juneau.

• 
  City of Sitka seeking volunteers for newly formed commission

  Juneau, Alaska (KINY) – The City and Borough of Sitka is looking for seven volunteers to serve on the newly formed Sustainability Commission.

• 
  JBER Hospital hosts first K-9 combat medical training course

  Juneau, Alaska (KINY) – The 673d Medical Group, with the help of the Joint Base Elmendorf-Richardson Veterinary Treatment Facility, held its first-ever K-9 Tactical Combat Casualty Care class at the JBER hospital September 1.

• 
  In 12th Alaska Corrections death of the year, man dies after just 10 days in custody

  Juneau, Alaska (Alaska Beacon) – James Rider, 31, died on Sept. 9 at Mat-Su Regional Medical Center after 10 days in the custody of the Alaska Department of Corrections, becoming the 12th person to die in the state’s prison system this year.

• 
  Representative Peltola appointed to U.S. House Committee on Natural Resources

  Juneau, Alaska (KINY) – This week, Representative Mary Sattler Peltola was appointed to the House Committee on Natural Resources.

• 
  Anchorage Jury Convicts Gilbert Dugaqua of murdering roommate

  Juneau, Alaska (KINY) – After five hours of deliberation on Sept. 8, an Anchorage jury convicted Gilbert Dugaqua on two counts of murder in the second degree and one count of manslaughter for the 2019 death of Teodoro Berdan.

• 
  Anchorage Grand Jury indicts Mother of 2-year-old for murder and manslaughter

  Juneau, Alaska (KINY) – An Anchorage grand jury indicted, on Monday, Cheyenne Jewel McMullen for two counts of murder in the second degree and one count of manslaughter for the death of her two-year-old son E.B.

• 
  Mug Up closing weekend events at state museum scheduled for October

  Juneau, Alaska (KINY) – For the final weekend of the museum’s exhibition “Mug Up: The Language of Cannery Work,” events are being held on October 7 and 8.

• 
  Bill allowing limited certification for language immersion teachers becomes law

  Juneau, Alaska (KINY) – A bill aimed at establishing limited certification to language immersion teachers in Alaska went into law this week.

• 
  Winter ferry schedule released

  Juneau, Alaska (KINY) – The Alaska Marine Highway 2022/2023 Winter Schedule was released Wednesday, the Department of Transportation said adjustments to the schedule were based on feedback from the public.

• 
  SHI: Stone fish trap could be oldest ever found in the world

  Juneau, Alaska (KINY) – A team of scientists exploring an underwater region of southern Southeast Alaska has discovered what might be the oldest stone fish weir ever found in the world.