ANCHORAGE — The state of Alaska’s annual North Slope petroleum lease earned $14.2 million Wednesday.
That was down from $21 million last year, but Division of Oil and Gas Director Bill Barron saw reason for optimism. The sale was the fourth largest by dollar amount since the state began area-wide lease sales in 1998, covering tracts on the North Slope, in nearshore waters of the Beaufort Sea, and in the North Slope Foothills. The sale attracted interest from major oil companies, independents and new faces.