Biden administration cites lackluster industry interest in canceling Cook Inlet oil and gas lease sale

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The Biden administration cited lackluster industry interest in canceling a Cook Inlet oil and gas lease sale. Industry supporters and some elected officials say that with prices soaring, now isn't the time to take oil and gas prospects off the table.

The Biden administration has announced it will cancel a proposed oil and gas lease sale in the federal waters of Cook Inlet, citing a lack of industry interest.west of the Kenai Peninsula to a lease sale that was originally planned for last year. The administration also announced it would cancel two offshore lease sales in the Gulf of Mexico..

An Interior official said in an email that the department “received no comments indicating specific company interest in leasing during the scoping period or in DEIS comments.” there daily, the equivalent of about 2% of North Slope production. But Cook Inlet natural gas provides electricity for most of the state’s population.in the last federal Cook Inlet lease sale, acquiring 14 leases for more than $3 million.

 

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