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