Alaska Oil Lease Sale Draws 430 Bids, Nets Record $163.7 Million in Revenue

Date:

Policies & ImpactsAt least 10 companies secure access to 1.3 million acres of public lands in first lease offering since 2019 on the 23 million-acre National Petroleum Reserve.Fish Creek runs through the National Petroleum Reserve–Alaska on the North Slope on July 8, 2004. David W. Houseknecht/United States Geological Survey via APJohn HaugheyReporter3/19/2026|Updated: 3/19/20260:00The U.S. Department of Interior’s first oil lease sale in the National Petroleum Reserve–Alaska since 2019 drew more than 430 bids during a March 18 auction that netted $163.7 million.It was a record amount for a federal public lands lease sale.

spot_imgspot_imgspot_img

Share post:

More like this
Related

I Retired at 52Here Are the Three Things I Would Do Differently

Early retirement success depends as much on lifestyle planning...

The Smartest Investors Sometimes Lose the Most: Lessons From the First Half of 2026

ADTraders work on the floor of the New York...

Education Department to Temporarily Reduce Student Loan Interest Rate

The Department of Education building in Washington on April...

Sen. Graham Says Its Delusional to Think Post-War Iran Is Stronger

Sen. Lindsey Graham (R-S.C.) on Capitol Hill in Washington...