Only two bidders reveal little interest in Trump lease sale at Alaska wildlife refuge The Trump administration’s inaugural oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge received fewer than 10 bids from only two companies. The sale generated over $6 million, with the Alaska Industrial Development and Export Authority securing three tracts. This amount is significantly less than a previous lease sale in the National Petroleum Reserve of Alaska.

• The Trump administration held its first oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge.
• Fewer than 10 bids were received from just two companies: Hex Energy LLC and the Alaska Industrial Development and Export Authority.
• The sale generated over $6 million, with total high bids exceeding $3 million.
• The Alaska Industrial Development and Export Authority was the highest bidder for three tracts.
• The revenue generated is substantially lower than a previous lease sale in the National Petroleum Reserve of Alaska.