The state won 10-year oil leases for nine pieces of land by submitting the minimum offer: $25 an acre. But drilling for oil in the refuge is expensive, and it faces an aggressive opposition campaign.
"Karlin Itchoak"
Alaska’s state development corporation approved to spend up to $20M on ANWR oil leases
It’s a controversial move, and a way for the state to secure drilling rights in the coastal plain in case no one else bids on the leases.
Longstanding tensions underlie Arctic Slope Regional Corporation’s withdrawal from AFN
Long before it announced its withdrawal from AFN, there were signs of a schism between ASRC and the most influential Native advocacy group.
ConocoPhillips’ next big oil project in Alaska takes another step forward
The company hopes to construct a new oil processing facility, up to five drill sites, about 40 miles of permanent roads, a gravel mine and hundreds of miles of pipelines and seasonal ice roads.