- Associated Press - Thursday, October 2, 2014

JUNEAU, Alaska (AP) - The state Department of Natural Resources plans to hold its annual oil and gas lease sales for the North Slope, Beaufort Sea and North Slope foothills.

The sales are scheduled for Nov. 19, with the bid opening in Anchorage.

The department, in a release, said the total lease area covers about 14 million acres.

It also says the North Slope and Beaufort Sea sale areas will include terms and conditions aimed at encouraging exploration on adjacent tracts of federal land, including the National Petroleum Reserve-Alaska.

The U.S. Bureau of Land Management says it will hold a lease sale for the reserve the same day.

The federal lease sale will include 270 tracts covering about 3 million acres.



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