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First Federal oil & gas lease sale since 2019 set for Alaskan petroleum reserve

Last updated: February 10, 2026 | Reading Time: 2 minutes
Trump administration’s 5.5M-acre auction is one of several mandated over next few years for Alaska's federal lands and offshore waters.

The Trump administration has scheduled an oil and gas lease sale covering about 5.5 million acres in the National Petroleum Reserve in Alaska (NPR-A), a 23-million-acre federal unit on Alaska’s western North Slope. The U.S. Bureau of Land Management (BLM) said bids will be opened on March 9, 2026, with full sale details to be released after the notice is published in the Federal Register.

BLM described the sale as the first NPR-A offering since 2019 and the first of five lease sales mandated over the next decade under the One Big Beautiful Bill Act passed last summer. The article notes that parts of the reserve are considered highly prospective, including areas associated with the Nanushuk formation, and that about 1.6 million acres in the NPR-A are already under lease. It also highlights ongoing and planned development in the region, including ConocoPhillips’ Willow project (expected startup in 2029, with peak production projected at 180,000 barrels per day) and nearby producing projects that began coming online over the last decade. For readers wanting background on how federal leasing works, see Leasing federal vs. private land for oil and gas exploration and Oil and gas lease basics.

Source: Alaska’s News Source
Read the full original article here

Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
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Link to: Winter Storm Fern lifts Henry Hub gas prices as output dips in Texas Link to: Winter Storm Fern lifts Henry Hub gas prices as output dips in Texas Winter Storm Fern lifts Henry Hub gas prices as output dips in TexasWinter Storm Fern had its expected impact on energy production and markets that sparked a 110% rally in Henry Hub natural gas prices
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