BOEM to Hold Media Conference Call Following June 21 Lease Sale

Contacts: John Callahan
907-334-5208

WHO: Officials with the Bureau of Ocean Energy Management (BOEM). BOEM is the bureau of the U.S. Department of the Interior charged with overseeing and regulating energy development on the U.S. Outer Continental Shelf (OCS). Credentialed media are invited to call.  

WHAT: Press conference call to announce results of Cook Inlet OCS Oil & Gas Lease Sale 244, scheduled for June 21, 2017.  

WHEN: The conference call will begin at 10:30 a.m. Alaska Time Wednesday, June 21.  

HOW: Credentialed news media only are invited to participate in the teleconference following the bid reading by calling 1-888-324-8142 and providing the passcode 9710687.  

BACKGROUND

On June 21, BOEM will hold Cook Inlet OCS Oil & Gas Lease Sale 244. BOEM began accepting sealed bids May 18, and closed bidding today (June 20) at 10 a.m. Alaska Time. During the bidding period, 1 company submitted 14 bids on 14 blocks. 

Pre-sale statistics and a map showing the locations of tracts receiving bids are now available at www.boem.gov/ak244.  

Bid reading will be made public via a live webstream, available at www.boem.gov/ak244. The webstream will come online and be accessible beginning at 9:30 a.m. Alaska Time; the bid reading will begin at 10 a.m. Alaska Time. (From 9:30 a.m. to 10 a.m., a simple welcome message will be displayed). Broadcasting the bid reading in this manner allows bid information to reach a broad audience and eliminates the need for the public to physically attend the bid reading.  

Totals for the sale will be announced as soon as the bids are tallied at the end of the webstream. The media call will follow at 10:30 a.m., and a press release and final sale statistics will be released and posted to BOEM's website the same day.  

Evaluation of bids for fair market value will take place over the next 90 days. Lease awards will be posted to BOEM's website as they are completed. A Note to Stakeholders will announce final sales statistics upon completion of evaluations.  

MORE INFORMATION

Chronology of LS244 development and supporting documents: www.boem.gov/ak244

Press release announcing Final Notice of Sale: https://www.boem.gov/press05182017/

- BOEM -