Alaska Department of Natural Resources Division of Oil and Gas

Hilcorp Alaska and HEX Cook Inlet were the two bidders in a royalty-free lease sale that state officials hoped would incentivize production in the inlet. It described the outcome of the sale as "promising."

The state lease sale this winter will offer net profit share options, rather than royalties, to encourage development of Cook Inlet natural gas.

On the southern peninsula, where Hilcorp does lots of oil and gas exploration, not all private property owners are content to lease the company their mineral rights. Some of Hilcorp’s neighbors in Ninilchik are rejecting the company’s offers for the gas beneath their land.

Two companies successfully bid on nearly 21,000 acres of oil and gas tracts in Cook Inlet this week.HEX Group and Strong Energy Resources both purchased…

Hilcorp, Alaska is looking to build two gas exploration wells near Anchor Point later this year.The Texas-based company has requested approval from the…

Hilcorp has filed its plans for the coming year with the state and little new work will be done on its Cook Inlet operations. The independent, Texas-based…