BLM To Hold Petroleum Reserve Lease Sale In November

Law360, New York (September 25, 2012, 8:13 PM EDT) -- The U.S. Department of the Interior's Bureau of Land Management said Tuesday it would offer up 4.5 million acres of land for oil and natural gas leasing in the National Petroleum Reserve-Alaska, making good on the Obama administration's promise last year to hold annual lease sales in the region.

The Bureau of Land Management will make 400 tracts of land in the NPR-A for leasing. The agency said it selected the tracts based on industry interest, resource potential, subsistence values and other criteria.

The lease sale,...
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