Cook Inlet lease sale fizzles as bids vanish
TL;DR
A federal lease sale for roughly 1 million acres off Alaska’s Cook Inlet drew no bids, underscoring waning industry interest amid dwindling reserves and higher drilling costs. Alaska lawmakers called the outcome disappointing, environmental groups cheered, and Interior Department officials noted that Congress-mandated lease timelines will continue with five more Cook Inlet sales planned through 2032.
- Trump keeps trying to auction off this US property for oil drilling. No one is buying. CNN
- Trump’s High-Profile Oil and Gas Lease Sale in Alaska Has No Takers The New York Times
- The ‘Big Beautiful Cook Inlet’ lease sale gets no bids for drilling Alaska's News Source
- Trump’s Alaska Oil, Gas Lease Sale Draws Zero Bids From Drillers Bloomberg.com
- Lease sales in Cook Inlet draw nearly zero interest from oil and gas companies Anchorage Daily News
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