Alaska’s Department of Natural Resources has scheduled its annual Cook Inlet and Alaska Peninsula area-wide oil and gas lease sales for May 7.
The Cook Inlet lease sale area is divided into 815 tracts ranging in size from 100 to 5,760 acres, while the Alaska Peninsula lease sale area is divided into 1,047 tracts ranging in size from 1,280 to 5,760 acres.
“Cook Inlet holds significant oil and gas resources and we are looking forward to a successful lease sale and the continued development of these resources,” said Bill Barron, the state’s Division of Oil and Gas director.
