usgs

USGS releases new assessment of oil and gas resources in Alaska’s North Slope, following annual lease sale

Drilling rig

On December 22, the USGS released a new assessment of undiscovered oil and gas resources in the National Petroleum Reserve in Alaska (NPR-A). Just weeks before release of the USGS report, the Bureau of Land Management held its annual oil and gas lease sale for all available tracts in the NPR-A on December 6. The sale lasted less than 10 minutes and received only 7 bids.

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