Mount Redoubt can be seen acoss Cook Inlet from North Kenai Beach on Thursday, July 2, 2022. (Peninsula Clarion file)

Mount Redoubt can be seen acoss Cook Inlet from North Kenai Beach on Thursday, July 2, 2022. (Peninsula Clarion file)

Hilcorp lone bidder in state Cook Inlet lease sale

Hilcorp Alaska stands to claim 22,783 acres for a total of $359,483.23

Only days after coming out on top of — and being the only bidder in — a federal lease sale for the right to drill for oil in gas in Cook Inlet, Hilcorp Alaska was announced as the only bidder in a state sale of nearly 23,000 acres of Cook Inlet area for the same purpose.

According to a press release from the State Department of Natural Resources, the Alaska Division of Oil and Gas special Cook Inlet lease sale was held in December, with bids available to be submitted from Dec. 12 to Dec. 28.

The state offered 2.8 million acres of Cook Inlet across 721 tracts. The State Department of Natural Resources reports that six bids were received on six offshore tracts. Each of those bids was placed by Hilcorp Alaska.

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

Hilcorp Alaska stands to claim 22,783 acres for a total of $359,483.23 — an average of $15.78 per acre. Hilcorp already holds around 240,000 acres in Cook Inlet across 137 leases, not including the nearly 6,000 acres it stands to gain from last week’s federal sale.

Reach reporter Jake Dye at jacob.dye@peninsulaclarion.com.

More in News

Jason Criss stands for a photo in Soldotna, Alaska, after being named a qualifier for the Special Olympics USA Games on Thursday, July 10, 2025. (Jake Dye/Peninsula Clarion)
Soldotna athlete to compete in 2026 Special Olympics USA Games

Thousands of athletes from across all 50 states will be competing in 16 sports.

The entrance to the Homer Electric Association office is seen here in Kenai, Alaska on May 7, 2020. (Photo by Brian Mazurek/Peninsula Clarion)
HEA opens bids for real property

The deadline to submit bids is 5 p.m. on Aug. 11.

Arturo Mondragon-Lopez, Jr. (right) attends a change of plea hearing related to the October 2023 fatal shooting of Brianna Hetrick on Wednesday, Feb. 5, 2025, at the Homer Courthouse in Homer, Alaska. (Delcenia Cosman/Homer News)
Mondragon-Lopez sentenced for death of Homer woman

Arturo Mondragon-Lopez, Jr. accepted a plea deal in February for the shooting of Brianna Hetrick.

Soldotna City Hall is seen on Wednesday, June 23, 2021 in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Soldotna OKs $395,000 capital plan

This year’s list of capital projects is “nominal compared to some past years,” according to officials.

A map of areas proposed for annexation by the City of Soldotna. (Provided by City of Soldotna)
Soldotna adds annexation proposal to ballot

The proposed annexation is split across five small areas around the city.

Nets are extended from North Kenai Beach in Kenai, Alaska, during the first day of the Kenai River personal use dipnet fishery on Thursday, July 10, 2025. (Jake Dye/Peninsula Clarion)
‘A really good day’

Kenai River personal use sockeye salmon dipnet fishery opens.

The entrance to the Kenai Peninsula Borough building in Soldotna is seen here on June 1. (Photo by Brian Mazurek/Peninsula Clarion)
Borough assembly to consider ordinance to increase residential property tax exemption

If approved by voters in October, the ordinance would increase the tax exemption by $25,000.

Vice President Kelly Cooper speaks during a meeting of the Kenai Peninsula Borough Assembly in Soldotna, Alaska, on Tuesday, July 8, 2025. (Jake Dye/Peninsula Clarion)
Borough considers seasonal sales tax rate

Borough sales tax would be modified from a flat 3% to a seasonal model of 4% in summer months and 2% in winter months.

Most Read

You're browsing in private mode.
Please sign in or subscribe to continue reading articles in this mode.

Peninsula Clarion relies on subscription revenue to provide local content for our readers.

Subscribe

Already a subscriber? Please sign in