Borough Approves Lease Of Anchor Point Parcels To Hilcorp

first_imgThe borough owns the surface and mineral estate of several parcels near Anchor Point, two of which were purchased by the borough for use by the Anchor Point Fire & Emergency Medical Service Area. The assembly passed the ordinance 8-1, at their meeting on Tuesday, November 20. Assemblymember Willy Dunne was the only vote in opposition. Hilcorp currently has oil and gas leaseholds of surrounding parcels and is working on production plans for the new lease area. The negotiated royalty rate with Hilcorp is 12.5 percent, with the intent that 9.75 percent of the royalties would be distributed as revenue to Anchor Point Fire and Emergency Medical Service Area. Assemblymember Dale Bagley: “Oil and gas is what makes the Kenai Peninsula go around, and makes Alaska do well. I am happy that there is a well down there, and I support drilling anywhere on the Kenai Peninsula.” center_img Dunne: “Considering the impacts of the oil exploration there, we heard lots of people talk against bringing an industrial exploration operation into a very quiet, residential area.” The total lease area is roughly 20 acres, and according to Marcus A. Mueller, Land Management Officer there will be no infrastructure above ground at any of the lease sites. Facebook0TwitterEmailPrintFriendly分享The Kenai Peninsula Borough Assembly approved an application for an underground oil and gas lease for five parcels of Kenai Peninsula Borough land in Anchor Point for Hilcorp.last_img

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