To participate in a State of Alaska Department of Natural Resources (Alaska DNR) Oil and Gas Lease Sale, all bidders and all parties of a bidding group, must qualify with the State of Alaska. Qualification Instructions and FAQs are available at:
The Alaska DNR offers all available acres in its Areawide lease sales. Areawide leasing allows regularly scheduled competitive sales within specific oil and gas basins without a nomination process. Offering oil and gas leases in each sale area annually allows Alaska to have a stable, predictable leasing program. In Areawide leasing, the lease legal description and acreage are determined after a bid is received on a lease sale tract. The Alaska DNR provides the lease sale tract location and estimated lease acres prior to sale. The lease award includes the final legal description and acreage for the lease.
The Alaska DNR offers data to help interpret and evaluate Alaska's resources for those participating in lease sales or evaluate leads, prospects, or discoveries. The Alaska DNR also provides a summary of the oil and gas fiscal system, information about lessees and operators in Alaska, geographic and geophysical data, and exploration activity on the Division of Oil and Gas website at http://dog.dnr.alaska.gov/Home/WhyAlaska. EnergyNet's Alaska Landing Page also has the most up to date information regarding current or upcoming lease sales, https://www.energynet.com/s/alaska.
Within an hour after the last tract closes, an email will be sent by EnergyNet to the bidder containing the invoice showing the minimum bid deposit amount due to the Alaska DNR. Invoices are also available on the Buyer's Homepage. Please call EnergyNet at 866-364-4688 if an email is not received within one (1) hour following the sale.
The minimum bid deposit payment due, 20% of the cash bonus bid, is paid directly to the State of Alaska by the deadline listed in the Sale Announcement. Detailed payment instructions are included on the invoice. One payment for all funds due is acceptable.
The successful bidder will be invoiced by the Alaska DNR for the remaining balance of the cash bonus bid and first year rental at the time of lease award (2-9 months after sealed bid reveal). Award notices will include payment instructions and deadline. One payment for all funds due is acceptable.
After the Alaska DNR awards leases (2-9 months after sealed bid reveal), successful bidders will receive an email from EnergyNet with an invoice for the Buyer's Premium due on tracts won. EnergyNet invoices are due within two (2) business days of receipt of the invoice. One payment for all funds due is acceptable.
Remittance to the State of Alaska may be made by wire transfer. Full remittance instructions appear on the invoice.
Remittance to EnergyNet may be made by wire transfer, automated clearing house (ACH), or overnighted cashier's check. Full remittance instructions appear on the invoice.
The Alaska DNR will return bid deposits within two (2) days of the sealed bid reveal to unsuccessful bidders that elected to have their deposit returned.
The Alaska DNR will provide two (2) copies of the lease documents upon lease award, (2-9 months after sealed bid reveal). The award notice will include instructions for all bidders to execute the lease and return the documents to the Alaska DNR for issuance.
Contact the Government Resources Team with any questions at government@energynet.com or (877) 351-4488.