State of Alaska.

• Author: Slaten, Russ
• Position: INSIDE ALASKA BUSINESS - Alaska receives high bids for its oil and gas lease sales - Brief article

The State of Alaska received $59.7 million in high bids for its annual Northern Alaska oil and gas lease sales in November--the third highest amount received in state history.

Competition was high among bidders--seven lease tracts received a bid of $1 million or higher and a total of fifty-six tracts attracted competition from multiple companies. The two highest winning bids, both for $2,538 per acre and submitted by 70 & 148 LLC, netted...