Solitary bid was learn out at public sale that lasted lower than 5 minutes
The Bureau of Ocean Energy Management (BOEM) held Cook Inlet Oil and Gas Lease Sale 258 on December 30, 2022, as directed by the Inflation Reduction Act of 2022. The sale generated one bid for one tract. The bid, within the quantity of $63,983, was submitted by Hilcorp Alaska LLC.
The Cook Inlet lease sale phrases embrace stipulations to guard biologically delicate sources, mitigate potential antagonistic results on protected species, and keep away from potential conflicts related to different inlet customers.
Following the sale, the bid will undergo a 90-day analysis course of to make sure the general public receives truthful market worth earlier than a lease is awarded, and a Department of Justice overview of antitrust concerns. If a lease is awarded, it will likely be posted to BOEM’s web site following the 90-day overview. All supplies and statistics for Lease Sale 258 can be found at www.boem.gov/ak258.
