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Alaska Sees Record Breaking Year For Oil And Gas Leases

Alaska is still trying to make an oil production comeback after years of declining production from maturing fields. On Wednesday, the Alaska Department of Natural Resources said in a release that the state held another record-breaking oil and gas North Slope lease, netting competitive bids from investors around the world and breaking last year’s bonus bid amount and the bid per acre record. The Alaska Division of Oil and Gas received 159 bids from companies and investors seeking oil and gas leases on state lands during the division’s…
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