THE LINK: WINTER 2025 22 Almost $11M goes to state, highest figure since 2018 The state’s North Slope “areawide” lease sales showed modest results this year. The annual auctions of non-leased lands are held in late fall. The Division of Oil and Gas published results Dec. 11 for the 2024 sales, which included three regional lease sale areas — the Beaufort Sea, central North Slope onshore, and the North Slope Foothills area south of the major producing fields. Bids showed continued interest by explorers in areas they were working, such as the eastern North Slope, but also new interest in state submerged lands in Harrison Bay, which is north of the producing Alpine field. The combined sale earned an estimated $10.9 million in cash bonus for the State of Alaska, the highest amount since the fall 2018 sales, the division said in an announcement. The state received bids for more than 184,000 acres from seven bidders across all lease sale areas. Alaska holds three “areawide” lease sales on the North Slope annually in the fall in which all unleased state lands in the onshore central Modest bids offered for North Slope leases Shutterstock Photo Most bids in the state’s annual lease sales come in the onshore central North Slope because of the proximity of infrastructure and oil field services.
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