Forte Energy emerges as highest bidder for two Alaska leases [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
The company submitted bids at $27/acre for land located next to its Umiat oilfield acreage. Existing 3D seismic data, acquired by Renaissance Alaska in 2008, covers an estimated 22km² downdip of the Umiat field and displays notable amplitude versus offset (AVO) anomalies. The NPR-A lease sale attracted 430 bids totalling $250m. Of that amount, $163m represents the apparent high bids for 187 leases. Companies such as Repsol/Shell, ConocoPhillips, ExxonMobil and a subsidiary of Armstrong Oil and Gas also participated as notable bidders. Forte Energy non-executive chairman Dougal Ferguson said: “The success of the 2026 NPR-A lease sale is a breath of fresh air for Alaska and for the industry as a whole. “We are delighted to have been named as the apparent high bidder on these two leases, enabling the company to expand its position so promptly after the recent acquisition of Peritas. “The two new leases benefit from existing 3D seismic coverage that would cost tens of million
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COP
Earnings
- 2/5/26 - Miss
COP
Sec Filings
- 3/23/26 - Form 4
- 3/23/26 - Form 144
- 3/23/26 - Form 4
- COP's page on the SEC website