Tegan Hanlon, Alaska's Energy Desk - Anchorage
The Alaska Industrial Development and Export Authority is asking its board to allow it to spend up to $20 million on the leases.
The Bureau of Land Management announced the decision to shrink the available acres by about 30% on Friday evening, just three days before it began accepting sealed bids for drilling rights.
Slop oil is about 80 percent crude and 20 percent water. According to the state, the oil mix pooled in and on top of the soil, but did not go into Cook Inlet waters.
The Trump administration has scheduled the first-ever lease sale in the coastal plain for Jan. 6, and it's moving toward allowing seismic work in the area this winter. But the groups behind the recent court filings are asking a judge to prevent the administration from doing both until the ongoing lawsuits are resolved.
Gov. Dunleavy says his administration will introduce a bill during the upcoming legislative session that would require state departments to sever their relationships with financial institutions that won’t finance oil and gas development in the Arctic.
The Bureau of Land Management says, however, it could withdraw some tracts from leasing after its 30-day comment period ends Dec. 17.
The plan sets up a final showdown with opponents before President-elect Joe Biden takes office.
Oil and gas companies aren’t talking publicly about whether they’d bid. But one industry analyst says she’d expect interest in a lease sale to be “lukewarm.”
The official "call for nominations" launches a 30-day comment period. It will also allow the Bureau of Land Management to move forward with a lease sale, which it must announce 30 days in advance.
Interior Secretary David Bernhardt signed the record of decision for the Willow project on Monday, earning praise from Alaska's Republican Congressional delegation and governor, and condemnation from environmental groups.
Ballot Measure 1 — or the “Fair Share Act” — is an initiative that supporters say would fix Alaska’s oil tax law while opponents argue it would jeopardize Alaska’s economy.
The Houston-based company provides seismic data to oil-and-gas companies.
It’d be the first federal lease sale in the Cook Inlet since 2017.
‘We will give you one heck of a fight’: Lawsuits filed against oil drilling plan for Alaska’s Arctic Refuge
The Gwich'in Steering Committee and more than a dozen environmental groups are suing the Trump administration over its controversial plan to open up a northern part of the Arctic National Wildlife Refuge to oil and gas development.
Superior Court Judge Thomas Matthews says the law that prohibits paying signature gatherers no more than than $1 per name is an “unconstitutional restriction on free speech.”
It’s the third such extension granted by DNR in the past three months. The department cited the coronavirus pandemic’s dire impacts as the reason to give companies more time to pay.
Hilcorp Alaska announced in a written statement Wednesday morning that it has taken over BP’s interests in the Prudhoe Bay, Milne Point and Point Thompson fields.
Trump administration wants to open millions of more acres to oil development on Alaska’s North Slope
The administration is proposing to open 82% of the National Petroleum Reserve-Alaska to oil and gas leasing, a move staunchly opposed by environmental groups.
Superior Court Judge William Morse sided with proponents of the ballot initiative, saying Meyer did not provide an impartial summary.