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Alaskan oil and gas plan announced by BLM

August 14, 2012

The Bureau of Land Management (BLM) has announced its preferred plan for opening up the National Petroleum Reserve in Alaska (NPR-A) to increased development.  The BLM considered five options that would have allowed access to a potential of over 750 million barrels of oil and over 17 trillion feet of natural gas.  The BLM’s preferred option, titled Alternative B-2, would open up leases that contain an estimated 549 million barrels (72% of the total) and about 8.7 trillion cubic feet of gas (about half the total).  A final assessment is underway and a final report will be forthcoming in November, with leases up for bidding in 2013.  You can see a comparison of all five alternatives here.   Also, please note that this is the NPR-A, not the Arctic National Wildlife Refuge (ANWR), which contains an even larger store of fossil fuels – estimated at over 10 billion barrels of oil and over 35 trillion cubic feet of gas.

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