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State opens gas, oil bids in North Slope Foothills, Cook Inlet areas

...likely. The minimum bid was $5 per acre for the 10-year leases. Two companies sharing bids 50-50, Andarko and EnCana Oil and Gas, submitted the two most expensive bids for $74.35 and $73.89 per acre. The bids brought in $428,256 and...

http://www.peninsulaclarion.com/stories/050102/ala_050102alapm0090001.shtml
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