Hilcorp is the lone bidder for Alaska oil and gas lease sale

1 year 3 months 1 day ago Wednesday, June 24 2020 Jun 24, 2020 June 24, 2020 7:51 AM June 24, 2020 in News - AP Texas Headlines

ANCHORAGE, Alaska - Hilcorp Energy Co. was the only bidder in Alaska’s annual Cook Inlet oil and gas lease sale for the fourth year in a row. The Alaska Journal of Commerce reported the Alaska Division of Oil and Gas received three bids from the Houston-based producer. The state made nearly $179,000 for the sale of 11.1 square miles of land leased. Hilcorp is the primary oil and gas operator in the area and has been the only company to bid in the state’s spring Cook Inlet leases sale since 2016. The company acquired 17 tracts of land between 2017 and 2019.

For copyright information, check with the distributor of this item, (Anchorage) Alaska Journal of Commerce.

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