Another winning bidder gives up on ANWR oil lease

 

August 31, 2022



ANCHORAGE (AP) — An Alaska state corporation is the only remaining oil-and-gas leaseholder in the Arctic National Wildlife Refuge after a second private company gave up its lease in the controversial area.

Other than the state putting down millions of dollars in hopes that drillers might someday want to look for oil in ANWR, only two private companies submitted winnings bids in the 2021 lease, and now both have given up on the prospects and returned their leases.

The U.S. Bureau of Land Management said Knik Arm Services, a small real estate and property leasing firm, asked to have its 49,...



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