Trump admin auctions leases in Arctic National Wildlife Refuge
Monday, November 23, 2020
The Trump administration began the process of auctioning off the development rights to parcels of land in Alaska’s Arctic National Wildlife Refuge on Nov. 16, according to Spectrum News.
Oil and gas companies are now able to submit nominations for which parcel of land they’re interested in drilling within the Arctic National Wildlife Refuge’s roughly 1.5 million-acre coastal plain. These nominations may be offered for lease in the upcoming CP Oil and Gas Lease Sale.
Applicants have until Dec. 17 to submit their nominations.
Learn more: Spectrum News > Trump Administration Pushes To Sell Oil Drilling Rights in Alaska’s Arctic
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.