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Bidding on Cook Inlet leases have in the past attracted modest attention and sometimes no bids.
Hilcorp sole bidder in Cook Inlet lease sale
areas where Hilcorp is producing natural gas. Bids totaled $872,071 on the 21,801 acres bid on by Hilcorp, or about $40 per acre. The state Di - vision of Oil and Gas will formally convey the tracts later. Cook Inlet has attracted only modest interest for both oil and gas in recent years mainly from compa -
nual “areawide” sale of Cook Inlet unleased state-owned acreage. Hil - corp is the major oil and gas produc - er in Cook Inlet. Results of bidding, which was done online, were posted by the state Division of Oil and Gas on its website June 11. Hilcorp bid on five tracts in the region, three onshore and two offshore, all located near
Producer targets five tracts near current projects Hilcorp Alaska, subsidiary of Houston-based Hilcorp Energy, was the sole bidder in Alaska’s 2025 an -
THE LINK: SUMMER 2025
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