Are there registration requirements to conduct business with the State of Alaska?
In order to register 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:
How can Alaska DNR offer hundreds of tracts in its oil and gas lease sales?
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.
How do I find more information about oil and gas exploration, development, and production in Alaska?
The Alaska DNR offers data to help you interpret and evaluate Alaska's resources as you consider 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.
When will I receive the invoice for the parcels upon which I bid?
Approximately 30 - 60 minutes after the deadline to submit sealed bids, you will receive an email from EnergyNet for each of your bids with an invoice showing the minimum bid deposit amount owed. If you do not receive the emails within one hour, please call us at 866-364-4688.
When is the Alaska DNR bid deposit due?
Submit the minimum bid deposit payment due, 20% of the cash bonus bid, directly to the State of Alaska, as instructed on your invoice, by the deadline to submit deposits as listed in the Sale Announcement. For your convenience, one wire transfer for all funds due is acceptable.
When is the remainder of the bonus due to Alaska DNR?
If you are determined the winning bidder, the remaining balance of the cash bonus bid and first year rental will be invoiced by Alaska DNR at the time of lease awarded (2-9 months after bid opening). Award notices will include payment instructions and deadline. For your convenience, one wire transfer for all funds due is acceptable.
When is the EnergyNet Buyer's Premium due?
After Alaska DNR awards leases (2-9 months after bid opening), you will receive an email from EnergyNet with an invoice showing the Buyer's Premium due on parcels for which you were determined the winning bidder. EnergyNet invoices are due within two (2) business days of receipt of the invoice. For your convenience, one wire transfer for all funds due is acceptable.
What are the payment options?
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 or overnight cashier's check. Full remittance instructions appear on the invoice.
What happens if I am not a winning bidder?
If you are not determined the winning bidder, and you elected to have your deposit returned, Alaska DNR will return your bid deposit within two (2) days of bid opening.
When will I receive my Lease?
The Alaska DNR will provide two (2) copies of your lease documents on lease award, (2-9 months after bid opening). The award notice will include instructions for all bidders to execute the lease and return the documents to Alaska DNR for issuance.