US Gets 1 Bid for Oil and Gas Lease in Alaska's Cook Inlet

US Gets 1 Bid for Oil and Gas Lease in Alaska's Cook Inlet

Source: usnews

12/30/2022

The U.S. government on Friday said it received one bid for the right to drill offshore for oil and gas in Alaska's Cook Inlet near habitat for bears, salmon, humpback whales and endangered beluga whales.

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.