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U.S. offers record lease sale in Alaska reserve to oil, gas drillers


The U.S. Interior Department said on Wednesday it will hold a lease sale for land in a federal reserve in northern Alaska to oil and gas drillers, the largest number of tracts ever offered from the reserve. 

The sale, to be held on Dec. 6, will involve 900 tracts in part of the Indiana-sized mass of public land known as the National Petroleum Reserve-Alaska (NPR-A). The federal government set aside the public lands in 1923 when the country was converting Navy vessels to run on oil instead of coal.

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