06/05/2026
We’re right once again—oil and gas leasing in the Arctic Refuge is nothing short of fiscal delusion. Today’s lease sale only sold 10% of tracts offered & got just $3.7 million in bids. Only one private company bid in auction, the only other bidder is an Alaska state-run corporation:
This is not the first time AIDEA has stepped in to bid on Arctic Refuge lease sales because of a lack of industry interest. Although this was the first sale