Hilcorp Alaska LLC submitted the sole bid — $63,983 for an area covering 2,304 hectares or 5,693 acres.

The company is a unit of Hilcorp, which is the largest privately held oil and gas exploration and production company in the United States. It already has leases to drill for oil and gas in onshore areas of Cook Inlet, which stretches from Anchorage to the Gulf of Alaska.