Biden administration announces last-minute Alaska oil and gas lease auction

Published December 9, 2024 4:46pm ET



The Department of the Interior said it would hold an oil and gas auction for 400,000 acres in the Arctic National Wildlife Refuge on Jan. 9, just weeks before President-elect Donald Trump takes office. 

On Monday, Interior released a record of decision and a notice of the lease sale, allowing an auction to be held before the end of this year. The department will auction 400,000 acres, the minimum requirement set by the 2017 Tax Cuts and Jobs Act, of the 1.6 million acres available. 

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