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Previous proposed lease sales in Cook Inlet have had the caveat that they could be canceled for lack of interest. This time, the Bureau of Ocean Energy Management has to hold the sale — no matter what.
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The U.S. Department of the Interior will be required to hold an oil and gas lease sale in Cook Inlet before the end of the year.That’s according to a section of the new Inflation Reduction Act, passed by the U.S. House today.
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There won’t be an oil and gas lease sale in Cook Inlet this year, or the year after that. An Obama-era proposal to hold a sale in the inlet was canceled this May due to a cited lack of industry interest. But the Biden Administration may offer another sale down the line.
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On May 11, 2022, the Biden Administration announced it would cancel a proposed oil and gas lease sale in the federal waters of Cook Inlet, due to "lack of industry interest." But what does this mean, and what's next for Cook Inlet waters?
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Seismic survey work in Lower Cook Inlet is scheduled to go forward this September.Oil and gas company Hilcorp has announced plans for seismic mapping of…
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Hilcorp Alaska is applying for an underground oil and gas lease for five parcels of Kenai Peninsula Borough land in Anchor Point.Marcus Mueller is the…