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New Land that is currently available to be leased for oil and gas exploration.
Currently 68 million acres of federal land and offshore sites now leased by oil companies sit idle has potential reserves to nearly double U.S. oil production and increase natural gas output by 75 percent.
An interesting bit of info can be found here:
axpc.org/policy/pdf/070213.pdf
2008 NPR-A Lease Sale Acreage at a Glance
| National Petroleum Reserve-Alaska | Acres Currently Leased | Acres Available for Leasing | Number of Parcels Available |
|---|---|---|---|
| Notheast | 959,520 | 2,841,279 | 280 |
| Northwest | 2,126,972 | 1,990,794 | 170 |
| Total | 3,086,492 | 4,832,073 | 450 |
What does the size of the total available acres for lease compare to?
1. Just over the total area of Connecticut and Rhode Island combined.
2. Approximately 6% of the public lands managed by BLM in Alaska.
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