US to Sell New Onshore Alaska Oil Leases 'Late This Year'

(Dow Jones Newswires), Sep. 21, 2011

The U.S. government plans to sell oil leases on public land in Alaska's national petroleum reserve "late this year," the Bureau of Land Management said Tuesday.

The BLM said it plans to sell leases on tracts of land in the northeast and northwest areas of the reserve. In preparing for the sale, the agency issued a draft "determination of adequacy" showing that the leases meet the requirements of the National Environmental Policy Act.

The lease sale is part of an effort by the Obama administration to conduct annual oil and natural-gas lease sales in the reserve, the agency said.

Copyright (c) 2011 Dow Jones & Company, Inc.

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