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Big Oil Flocks to Alaska in Record-Setting Petroleum Lease Sale | OilPrice.com

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Big Oil Flocks to Alaska in Record-Setting Petroleum Lease Sale | OilPrice.com


The first lease sale in the National Petroleum Reserve-Alaska in seven years became the most successful auction in the area ever, as oil majors bid on hundreds of tracts, signaling they haven’t given up on Alaska’s petroleum resources despite development and court challenges.

This week’s oil and gas lease sale for the National Petroleum Reserve in Alaska, one of five mandated in the next decade under the Trump Administration’s One Big Beautiful Bill Act (OBBBA), drew a record high of $163.7 million in high bids and resulted in 187 leases in total, awarded to companies including ExxonMobil, ConocoPhillips, and a consortium of Repsol and Shell subsidiaries.

The lease sale set a record for Alaska with the most revenue generated ever, the most tracts receiving bids, and the second most acreage sold in a single sale, the Bureau of Land Management said.

The BLM offered 625 tracts across about 5.5 million acres for bid in the sale, revived at the end of last year by the Trump Administration. No lease sales were held in the National Petroleum Reserve in Alaska under President Biden.

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In the first sale since 2019, a total of 11 companies submitted bids on 187 tracts covering 1,334,967 acres.

The Trump Administration, the state of Alaska, and the local oil and gas association welcomed the results of the record-setting lease sale as a vote of confidence for Alaska’s role in American energy dominance, while environmentalists vowed to challenge any oil and gas drilling in court, the way they are already doing for the lease program itself.

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“Today’s lease sale underscores the National Petroleum Reserve in Alaska’s vital role in strengthening America’s energy security while fueling economic growth across Alaska,” Secretary of the Interior Doug Burgum said.

Alaska’s Republican Governor Mike Dunleavy noted that the lease sale “reinforces Alaska’s role as a reliable energy producer, supports high-paying jobs for our families, provides additional revenue to the state, and strengthens American energy security at a time when energy security is more important than ever.”

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The Alaska Oil and Gas Association and other business organizations in the state said that the “strong participation and unprecedented results underscore renewed investor confidence in Alaska’s North Slope and the state’s long-term resource potential.”  

“The Trump administration deserves credit for helping restore access and certainty in the petroleum reserve, allowing industry to step forward with meaningful commitments,” said Steve Wackowski, president and CEO of the Alaska Oil and Gas Association.

“That confidence is critical to advancing responsible development of Alaska’s vast resources, supporting jobs, sustaining the Trans-Alaska Pipeline System, and strengthening U.S. national security in an increasingly uncertain world.”

The National Petroleum Reserve already hosts one massive oil development— the $9-billion Willow project by ConocoPhillips, which was approved by the Biden Administration in 2023, and is expected to start producing oil in 2029. Peak production is designed to be about 180,000 barrels per day (bpd) of crude.

Going forward, the development of any additional resources in Alaska’s National Petroleum Reserve would not be a fast and easy task. The conditions are harsher than in other areas, while environmentalists have vowed to fight both the latest lease sale and any future oil and gas drilling and development plans.

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The Invisible Metals Powering a Trillion-Dollar Economy

Two groups represented by Earthjustice, the Center for Biological Diversity, and Friends of the Earth, restarted litigation last month challenging the lease sales and the underlying management plan, which opens 18.5 million acres within the 23-million-acre Reserve to potential oil and gas drilling and infrastructure.? Three other lawsuits also challenge the lease sale or decisions related to it.

“The results of this sale will spell disaster for the surrounding area,” said Hallie Templeton, Legal Director at Friends of the Earth U.S.?

“We will continue to see the Trump administration in court over its blatant disregard of federal law and complete failure to protect this vulnerable and rapidly shrinking area of our planet.”

By Tsvetana Paraskova for Oilprice.com

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This Day in Alaska History-March 27th, 1964

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This Day in Alaska History-March 27th, 1964


 

The largest landslide in Anchorage occurred along Knik Arm between Point Woronzof and Fish Creek, causing substantial damage to numerous homes in the Turnagain-By-The-Sea subdivision. Courtesy of Wikipedia
The largest landslide in Anchorage occurred along Knik Arm between Point Woronzof and Fish Creek, causing substantial damage to numerous homes in the Turnagain-By-The-Sea subdivision. Courtesy of Wikipedia

J.C. Penney Department Store at Fifth Avenue and D Street, Anchorage District, Cook Inlet Region, Alaska, 1964. Courtesy of USGS
J.C. Penney Department Store at Fifth Avenue and D Street, Anchorage District, Cook Inlet Region, Alaska, 1964. Courtesy of USGS

It was on this day in 1964 that a massive 9.2 earthquake in Southcentral Alaska.

The massive quake at 5:36 pm on March 27th caused much devastation throughout the region and generated a huge tsunami that inundated many communities in the region.

The quake was the largest in the history of the United States and initially killed 15 people while the resulting tsunami killed an additional 100 people in the new state and another 13 in California as well as five in Oregon.

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The megathrust earthquake endured for four minutes and thirty-eight seconds and ruptured over 600 miles of fault and moved up to 60 feet in places.

The deadly quake occurred 15 and a half miles deep 40 miles west of Valdez and generated a ocean floor shift that created a wave 220 feet high.

As many as 20 other smaller tsunamis were generated by submarine landslides.



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Opinion: Alaska’s public schools were once incredible. They can be that way again.

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Opinion: Alaska’s public schools were once incredible. They can be that way again.


(iStock / Getty Images)

I grew up greeting friends and neighbors on my walk to my neighborhood Anchorage public school, just as my kids do now. It’s an essential, and value-added, part of living in our community.

In the late 1990s, when I attended Service High School, I had amazing teachers. My AP chemistry teacher left the oil and gas industry to teach. He could have earned significantly more money in another field, but teaching was competitive enough, given pensions and compensation, that he stayed in the job he loved and gave a generation of students a solid foundation in chemistry.

Now, my kids, who are in first, third and fifth grade, face a different reality. Teachers across our state are leaving in droves. Neighborhood schools across Alaska are closing. Art and music are being combined, which is nonsensical — they are not the same and they are both valuable independently. When he was in second grade, my oldest had a cohort of more than 60 students in his grade — split between two teachers. When he enters sixth grade next year, there will be no middle school sports and he will lose out on electives. Support systems and specialists to help when kids are falling behind have been cut. I’m lucky that my children have had amazing teachers, but many excellent teachers are nearing retirement age or don’t have a pension and are pursuing other careers. What happens then?

Despite skyrocketing inflation, last year was the first time in years that our schools received a significant increase in the Base Student Allocation — and that money doesn’t begin to make up for what they have lost over the years. Even that increase had to overcome two vetoes from what a recent teacher of the year calls “possibly the most anti-public education governor in the history of Alaska.” Shockingly, my own representative, Mia Costello, despite voting for the increase, failed to join the override to support education. She has failed to explain that decision when asked.

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State spending on corrections is up 54% since 2019; meanwhile, spending on education is up only 12% in the same timeframe. Schools are now working with 77% of the funding they had 15 years ago when accounting for inflation.

When we starve our public schools of funding, Alaska families leave. No one wants their child to suffer from a subpar education and the lower test scores and opportunities that come with it. A significant number of people are working in Alaska but choosing not to raise their families here.

To the elected officials who preach school “choice” but starve public schools: our family’s choice is our neighborhood school. It’s our community. It’s where our friends are. Neighborhood public schools, which are required to accept all children, should be the best option out there. Public schools should be a good, strong, viable option for communities and neighborhoods across our great state. Once, they were.

I am thankful for those in the Legislature working to solve these problems. This includes HB 374, which raises the BSA by $630, and HB 261, which would make education funding less volatile.

It breaks my heart that across the state, dedicated teachers keep showing up for our kids while being underpaid and undervalued. Underfunding our schools is also a violation of Alaska’s constitution, which requires “adequate funding so as to accord to schools the ability to provide instruction in the standards.”

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Not so long ago, Alaska’s public schools were adequately funded, and they produced well-educated students and retained excellent teachers. It’s up to all of us to reach out to our elected officials and urge them to make that the case once again.

Colleen Bolling is a lifelong Alaskan and mother of three who cares deeply about Alaska’s schools.

• • •

The Anchorage Daily News welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.





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Alaska volunteer dedicates 600 hours a year to food bank after husband’s death

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Alaska volunteer dedicates 600 hours a year to food bank after husband’s death


ANCHORAGE, Alaska — Karen Burnett spends most days in the sorting room at the Food Bank of Alaska, ensuring every donated item finds its place.

The Anchorage woman dedicates her time to sorting, packing and organizing food donations.

Finding purpose after loss

Burnett’s journey at the Food Bank of Alaska began after a personal loss. Following the death of her husband, Burnett said she found herself with time on her hands and a desire to help.

“I had a friend who had talked to me about it, and it just sounded like a good thing to be out doing,” she said.

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Burnett now volunteers between 500 and 600 hours each year.

“I started, but it got to be so fun. I spent more and more time here,” Burnett added.

Understanding community need

Burnett has witnessed the growing need in the community, particularly as more families struggle to make ends meet.

“If you took a look at the pantry and saw those empty shelves, it’s hard sometimes when you know people are coming in and looking for something, for their clients, and there’s absolutely nothing in there,” Burnett said.

Her dedication has made a lasting impact on countless families.

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“I just feel real involvement in a way that is appreciated,” Burnett said. “You know, people need this food. They need people to put it out for them.”

See the full story by Ariane Aramburo and John Perry.



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