One oil and gas company bids in state sale - Alaska Public Media

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An Alaska oil and gas company, Furie Operating Alaska, acquired two offshore leases in Cook Inlet for about $100,000 during the most recent state sale last week.

Furie was the only bidder in the auction. That’s been pretty standard for the recent slate of state-run sales.. For several years before that, Hilcorp was the only company to buy leases in state sales.

Furie has been a subsidiary of HEX since Furie went bankrupt in 2019. It owns the large offshore Kitchen Light Unit in Cook Inlet. and flank the Julius R Platform, where Furie is already drilling and producing.The recent sale was for state-owned leases only. The Biden Administration canceled a pending federal oil and gas sale in the inlet last month, citing

 

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