Leases Issued for ANWR Coastal Plain Oil & Gas Program | Bureau of Land Management blm.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blm.gov Daily Mail and Mail on Sunday newspapers.
Bureau of Land Management Alaska State Director Chad Padgett. (Photo Courtesy of Bureau Land Management Juneau, Alaska (KINY) - The Bureau of Land Management announced today that it signed and issued leases on nine of the tracts that received qualifying bids from the first-ever oil and gas lease sale for the Coastal Plain of Alaska’s Arctic National Wildlife Refuge.
The Bureau of Land Management has issued leases on 437,804 acres of some of the most highly prospective land on Alaska’s North Slope, with the U.S. Geological Survey estimating nearly 8 billion barrels of recoverable oil on the Coastal Plain.
The Trump administration’s unprecedented auction of Arctic drilling rights Wednesday netted just $14.4 million from three bidders, with major oil companies steering clear of the sale.
In this undated photo, caribou from the Porcupine Caribou Herd migrate onto the coastal plain of the Arctic National Wildlife Refuge in northeast Alaska. The refuge takes up an area nearly the size of South Carolina in Alaska's northeast corner. More evidence of the ongoing downsizing of the oil industry. Arctic under severe threat, but…