Lawmakers quiz State Officials About Oil Leases

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by Brian Malone

Story Created: Dec 2, 2008 at 11:00 AM AKST

Story Updated: Oct 13, 2010 at 4:57 AM AKST

FAIRBANKS, Alaska (AP) - State lawmakers want to understand why
two energy companies ready to drill for natural gas have not
received lease-related considerations from the state.
The state's Department of Natural Resources addressed the issue
with two House committees on Monday.
Exxon Mobil Corp. and Escopeta Oil want to begin drilling on the
North Slope and Cook Inlet respectively, but have been blocked over
lease disputes with the state.
One lawmaker says this is in contradiction with Gov. Sarah
Palin's catch phrase, "Drill, Baby, Drill."
But state officials insist Alaska's leasing program is set up to
ensure the best return for the Alaskans.

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Information from: Fairbanks Daily News-Miner,

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