Oil and gas lease sales Alaska

WASHINGTON The Biden administration is canceling oil drilling lease sales in the Gulf of Mexico and Alaskas Cook Inlet triggering furious responses from. The BLM generally conducts annual oil and gas lease sales in the NPR-A.

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. A spokesperson for the Interior Department said on Wednesday the Cook Inlet lease sale would not proceed due to insufficient industry interest. The decision likely means the Biden administration will not hold a lease sale for offshore drilling this year and comes as Interior appears set to let a. Meanwhile the planned sale of two leases lease 259.

The Department of the Interior has canceled a lease sale in Alaska that would have opened up some 1 million acres to drilling citing a lack of. That assumes that the price per barrel sits at about 100. This decision comes at a time when there is the biggest need for oil and gas as the prices hit all-time high.

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A spokesperson for the department confirmed the Cook Inlet lease sale would not proceed due to insufficient industry interest. According to the statement from the Interior Department. Tom Cotton TomCottonAR May 12 2022.

8 hours agoThe Biden administration is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska removing millions of acres from possible drilling as US. The Biden administration on Wednesday announced it will axe three planned oil and gas lease sales. The Biden administration announced Wednesday it would cancel three upcoming offshore oil and gas leases -- two in the Gulf of Mexico and one in Alaska --.

3 hours agoAccording to a 2016 assessment of the proposed lease sales Cook Inlet would have likely produced more than 200 million barrels of oil. Company has conducted extensive geologic. Revised 5-Year OCS Oil and Gas Leasing Program for 2007-2012 removed Beaufort Sea Sales 209 and 217 and Chukchi Sea Sales 212 and 221 from the program.

Lease Sale 214 - North Aleutian Basin. 10 hours agoBy Charles Kennedy - May 12 2022 830 AM CDT. The Interior Department said in an emailed statement that due to lack of industry interest in.

20 hours agoBiden admin cancels massive oil and gas lease sale amid record-high gas prices Interior Department canceled a 1-million-plus acre oil lease in Alaska as Americans face painfully high prices at the. 19 hours agoIts another win for environmental groups after a federal judge last January canceled the Biden administrations late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico. 17 hours agoPresident Joe Bidens administration has ceased all oil and gas leases to Alaskas Cook Inlet and the Gulf of Mexico as of Wednesday night.

21 hours agoThe Interior Department will not move forward with planned oil and gas lease sales in the Gulf of Mexico and Alaskas Cook Inlet it announced Wednesday night. Seeking 3 million loan for Denver-based company with 47500 acres of leases over large shallow oil play in northern Utah. Bidens DOI also canceled two leases under consideration in the Gulf of Mexico area.

Lease Sale 217 - Beaufort Sea. 9 hours agoThe Biden administration has canceled oil and gas lease sales in the Gulf of Mexico and Alaskas Cook Inlet dealing a blow to potential domestic fuel protection as. National Petroleum Reserve in Alaska NPR-A BLM manages more than 22 million acres of surface estate plus the subsurface mineral rights to an additional 650000 acres in the 23 million-acre NPR-A.

One of the most highly valued oil and gas lease opportunity was cancelled by the Biden administration which had a great potential to drill oil over 1 million acres in Alaska. Gas prices reach record highs. 13 hours agoThe administration had until the end of the current five-year plan set to expire at the end of next month to complete these lease sales.

11 hours agoThe Interior Department said it will not move forward with three planned oil and gas lease sales in the Gulf of Mexico and Alaskas Cook Inlet meaning the. Gas prices are at a record high and the Biden admin once again canceled massive oil and gas leases in Alaska and the Gulf. 13 hours agoDespite the record high price of gas in the US the Biden administration has announced it is canceling the sale of a massive oil and gas lease location in Alaska that was pending before the Department of the Interior DOI.

Meanwhile the planned sale of two leases lease 259. In March 2010 the North Aleutian Basin was withdrawn from disposition for leasing through 2017 and this sale was canceled. Proceeds will be used to restore one well to production and drill one new well as well as retire some payables.

The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska comes at a challenging political moment when gas prices are hitting painful new. Thats due to expire in June WashPost notes.

From The Left. 8 hours agoMay 12 2022 Updated 1153 am. In May 1999 the BLM held its first NPR-A lease sale since 1984 offering nearly 39 million acres.

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