Environmental groups earlier this month sued the Biden administration over the sale.
Hilcorp Alaska LLC submitted the sole bid — $63,983 for an area covering 2,304 hectares or 5,693 acres.
The U.S. Interior Department in May said it would not move forward with the Cook Inlet lease sale due to a “lack of industry interest.” But over the summer, Congress passed legislation that called for a Cook Inlet lease sale by year’s end and two Gulf of Mexico lease sales next year. The provisions were part of the Inflation Reduction Act, a sprawling package that also included major investments to fight climate change.
“We look forward to continuing to responsibly produce Alaskan oil and natural gas, create Alaskan jobs and contribute to the state’s economy for decades to come,” the company said in a statement.
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