As of 10 January 2018 Hilcorp Alaska has been officially awarded six tracts from the Cook Inlet Areawide Oil & Gas Lease Sale (CIA 2017W) held on 21 June 2017 within the Cook Inlet Basin. Hilcorp placed bids totaling UDS 836,501.81 (adjust for total acreage available on a tract by tract basis) on a total of 24,138.12 acres (97.68 sq km) contained in the six blocks. The effective date of the awards is 1 Janaury 2018. The tracts were preliminarily awarded on 21 June 2017 the date of the lease sale. The sale area covered approximately 4 million acres (16,187 sq km) lying between the cities of Houston and Homer in the north and south, respectively, the Chugach and Kenai Mountains in the east, and the Aleutian Range in the west. The sale area was located entirely within the Kenai Peninsula Borough, the Matanuska-Susitna Borough and the Municipality of Anchorage. The area included approximately 815 tracts which range in size from 100 acres (0.4 sq km) to 5,760 acres (23.3 sq km) less those currently under lease. The lease sale was held at 09:00 am local time at Suite 108 of the Atwood Building, 500 W. 7th Avenue, Anchorage, Alaska. The attached table lists the details on the official awards for the CIA 2017W lease sale. Hilcorp Alaska LLC offical awards Â  Â  Â  Â  Â  Operator ADL Block Name Acreage Sq Km Total Bonus Bid Award Date Lease Sale Hilcorp Alaska LLC ADL 393566 CI-103 5,760.00 23.31 $202,464.00 1/1/2018 Sale CI2017W Hilcorp Alaska LLC ADL 393567 CI-106 5,760.00 23.31 $184,896.00 1/1/2018 Sale CI2017W Hilcorp Alaska LLC ADL 396568 CI-143 5,681.75 22.99 $199,713.51 1/1/2018 Sale CI2017W Hilcorp Alaska LLC ADL 393569 CI-545 1,280.00 5.18 $40,960.00 1/1/2018 Sale CI2017W Hilcorp Alaska LLC ADL 393570 CI-546 1,154.00 4.67 $36,928.00 1/1/2018 Sale CI2017W Hilcorp Alaska LLC ADL 393571 CI-754 4,502.37 18.22 $171,540.30 1/1/2018 Sale CI2017W Totals Â  Â  24,138.12 97.68 $836,501.81 Â  Â  Source: IHS Markit Â  Â  Â  Â  Â  Â  Â©   2018 IHS Markit Â  The bidding method for all tracts was a cash bonus bid with a minimum bid of USD 25.00 per acre. Royalty rate is fixed at 12.5%. A primary lease term of 10 years is in effect for all tracts (prior years had certain specified tracts which were allowed an Exploration Incentive Credit, at 10 years, with the remaining tracts at 7 years). Annual rental is typically USD 10.00 per acre for the first 7 years and USD 250.00 per acre for the remaining years. Â 
United States (Cook Inlet Tertiary Province) (It's a petroleum rights. Please summarize by yourself). In IHS database: CI-103 op. by HILCORP AL (100.0%) to be check.CI-106 op. by HILCORP AL (100.0%) to be check.CI-545 op. by HILCORP AL (100.0%) to be check.CI-546 op. by HILCORP AL (100.0%) to be check.CI-143 op. by HILCORP AL (100.0%) to be check.CI-754 op. by HILCORP AL (100.0%) to be check.