US BLM to hold annual National Petroleum Reserve in Alaska lease sale on Nov 7
Houston (Platts)--25Sep2012/519 pm EDT/2119 GMT
The US Bureau of Land Management plans to hold a oil and natural gas
lease sale for the National Petroleum Reserve in Alaska on November 7 in
Anchorage, Secretary of the Interior Ken Salazar said Tuesday.
The lease sale will include 400 tracts and cover about 4.5 million acres
in the NPR-A. The most recent NPR-A lease sale, held last December, made 283
tracts and 3 million acres available.
BLM released the draft determination of National Environmental Policy
Act adequacy document in support of the planned oil and gas lease sale. The
draft determination and a map of tracts to be offered by the sale are posted
"The energy resources of the National Petroleum Reserve in Alaska are
essential to meeting our nation's energy demands and will enhance domestic
energy production and decrease dependency on foreign oil sources," Salazar
said in a statement.
"The November sale is in line with the president's direction to continue
to expand domestic energy production, safely and responsibly. Since the
president took office, domestic oil and gas production has increased each
year with oil production higher than any time in eight years, and production
of domestic natural gas at an all-time high," Salazar said.
Article continues below...
Request a free trial of: Oilgram News
Oilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
The BLM sought public input on tract nominations for lands in the NPR-A
planning areas that are not currently leased or deferred from leasing. It
selected the tracts based on an evaluation of comments received, natural
resource information, resource potential, industry interest, and subsistence
values. The comment period ran from May 15 through June 29.
The BLM will submit a notice of sale to the Federal Register to be
published at least 30 days prior to the sale.
This will be the eighth oil and gas lease sale in the NPR-A since 1999.
In May 2011, President Obama directed that annual oil and gas lease sales be
conducted in the NPR-A. The first such annual BLM lease sale last December
generated 17 winning bids covering about 120,000 acres.
To date, only exploratory drilling has occurred within the NPR-A,
although in 2011, with the assistance of the President's Interagency Working
Group on Coordination of Domestic Energy Development and Permitting in
Alaska, permits were issued to ConocoPhillips to allow for future production
of oil and gas resources within the NPR-A.
Currently, there are 186 authorized oil and gas leases totaling
1,481,092 acres within the planning areas of the NPR-A.
--Jim Magill, firstname.lastname@example.org
--Edited by Keiron Greenhalgh, email@example.com