Alex DeMarban | Dec 07, 2011
State officials called Alaska’s much-awaited oil and gas lease sale a qualified success on Wednesday, noting that 19 groups spent $21 million.
Still, the state must keep working to roughly double the flow of oil in the trans-Alaska pipeline and meet Gov. Sean Parnell’s goal of 1 million barrels a day, said Dan Sullivan, Natural Resources commissioner.
According to Sullivan, good news from Wednesday’s state lease sale includes:
Shell Oil snatched up 80,000 acres in state waters of the Beaufort Sea, some 60 miles west of their closest federal lease. If commercial quantities of oil and gas are found in that area in Harrison Bay, Shell might be able to build “synergies” by developing both state and federal areas, said Curtis Smith, spokesman for the oil giant in Alaska.
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