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Bureau of Land Management Alaska State Director Chad Padgett. (Photo Courtesy of Bureau Land Management Juneau, Alaska (KINY) - The Bureau of Land Management announced today that it signed and issued leases on nine of the tracts that received qualifying bids from the first-ever oil and gas lease sale for the Coastal Plain of Alaska’s Arctic National Wildlife Refuge.
The Bureau of Land Management has issued leases on 437,804 acres of some of the most highly prospective land on Alaska’s North Slope, with the U.S. Geological Survey estimating nearly 8 billion barrels of recoverable oil on the Coastal Plain.