Hilcorp Alaska LLC was the sole bidder in federal and state lease sales in Alaska, snapping up six state blocks and one federal block. The Alaska Department of Natural Resources (DNR) Division of Oil and Gas held a special lease sale for the Cook Inlet region, accepting bids on 721 tracts, concurrently with Lease Sale 258 held by Bureau of Ocean Energy Management (BOEM). In announcing the bonus lease round, DNR Deputy Commissioner John Crowther said, “The basin still holds significant potential and an important step to unlocking it is to consistently offer open acreage to explorers.” This post appeared first on Hart Energy.