The Alaska Department of Natural Resources (DNR) will hold its annual Cook Inlet and Alaska Peninsula area-wide oil and gas lease sales, as well as a lease sale for geothermal resources on Augustine Island, on Wednesday, May 8. Terms can be obtained in the “Headlines” section of the DNR website. The Augustine Island lease sale is the fourth geothermal lease sale in state history. The last lease sale of this kind was held in 2008 for acreage on Mount Spurr. The Cook Inlet sale includes 815 tracts encompassing 4 million acres. The Alaska Peninsula lease sale includes 1,047 tracts covering 5.8 million acres. The Augustine Island geothermal sale includes 26 tracts on nearly 66,000 acres. In the past two years, the Cook Inlet hydrocarbon basin has seen a resurgence in investment by small, medium and large energy companies, DNR said. Bidders must be qualified by 4 p.m. May 3, and bids must be received no later than 4 p.m. May 6.

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