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US: BLM holds first successful Coastal Plain Oil and Gas Lease Sale under Working Families Tax Cuts Act


07 Jun 2026

Photo - see caption

The Bureau of Land Management held an oil and gas lease sale June 5 for the Coastal Plain of the Arctic National Wildlife Refuge in Alaska, resulting in five leases and $3,741,528 in total receipts. President Donald J. Trump was the first and only president to hold a successful lease sale in the Coastal Plain of the Arctic National Wildlife Refuge in Alaska in 2021, as a result of the Tax Cuts and Jobs Act. Under the previous administration, lease sales in the region were deliberately discouraged.  

This was the second successful sale in the area under President Donald J. Trump’s leadership and the first since the passage of the Working Families Tax Cuts. Congress recognized the significant resource potential of the Coastal Plain through the Alaska National Interest Lands Conservation Act of 1980 and later authorized oil and gas leasing in the area with the Tax Cuts and Jobs Act of 2017.

'This lease sale is another important step toward restoring American Energy Dominance and responsibly developing the vast resources Congress directed us to make available in the Coastal Plain,' said BLM Director Steve Pearce. 'The previous administration did everything in its power to discourage industry from development in the Coastal Plain. The strong industry interest we saw today reflects confidence in Alaska’s resource potential and the Trump administration’s commitment to providing certainty for investment. These leases will help create jobs, generate significant revenue for Alaska and the nation and support the reliable domestic energy production Americans depend on every day.'

The BLM offered 58 tracts across approximately 688,829 acres for bid in today’s sale. In response, two companies submitted bids on five tracts covering 72,049 acres.

'Today’s lease sale underscores the vision that both industry and government share about the viability of development in the Coastal Plain,' said BLM Alaska State Director Kevin Pendergast. 'Alaska is a bedrock of America’s energy security, and this sale will bolster the state’s economy and ultimately lead to additional energy production.'

The State of Alaska will receive nearly $2 million, representing 50 percent of the bid receipts. Since January 2025, the Bureau of Land Management has worked expeditiously to implement direction aimed at unlocking the plain’s energy potential through Executive Order 14153, Secretary’s Order 3422, and the Working Families Tax Cuts Act. The Bureau reversed the 2023 lease cancellations, issued a new 2025 Record of Decision, and resumed and expanded leasing in the Coastal Plain.

Information on previous Coastal Plain sales - as well as maps, GIS shapefiles, and a table with today’s complete sale results by tract - is available on the Bureau of Land Management Alaska’s Oil and Gas Lease Sales website

Original announcement link

Source: Bureau of Land Management





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