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

US Military Strike Targets Drug Vessel in Caribbean, Killing 2

A screenshot from footage of a boat strike targeting...

Trump to Move Forward With 25 Percent Tariffs on EU Cars and Trucks, Greer Says

Trade Representative Jamieson Greer speaks during a tour of...

Bessent Calls on China to Exert Pressure on Iran to Open Strait of Hormuz

Treasury Secretary Scott Bessent addresses journalists in Paris on...

Physical Oil Shortages Are Beginning to Appear, Says Chevron Boss

Chevron CEO Michael Wirth speaks during an interview on...