Interior Department finalizes plans for sale of oil and gas leases off coast of Alaska
Jeremy Beaman
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The Interior Department announced final steps to carry out an oil and gas lease sale off Alaska’s coast, just the second such offshore lease sale of President Joe Biden‘s tenure.
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The Bureau of Ocean Energy Management, a sub-agency within the Interior Department that manages federal acreage in the outer continental shelf, issued a final notice of sale on Monday to auction off approximately 958,202 acres in Alaska’s Cook Inlet. The lease sale will be held on Dec. 30.
Congress directed BOEM to carry out the lease sale by the end of the year after the Interior Department canceled it and two other Gulf of Mexico lease sales back in May. Interior said at the time that there was insufficient interest from the industry in the Cook Inlet sale.
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Cook Inlet and the two other Gulf lease sales were resurrected by the Inflation Reduction Act, Democrats’ green energy and health spending bill that passed in August, at the insistence of Sen. Joe Manchin (D-WV), who supports the expansion of oil and gas development, unlike many Democrats in Congress.