State North Slope lease bids quadruple results from 2013

The State of Alaska received significant interest in North Slope oil and gas leases during its 2014 lease sale.

A total of 356 bids were submitted for 298 tracts, including 297 for the North Slope onshore leases, 57 for the Beaufort Sea and 2 for the North Slope foothills. High bids totaled $59.7 million, said Division of Oil and Gas Director Bill Barron at the end of the bid opening.

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