The Alaska Department of Natural officially awarded state lease ADL 393770 to Lagniappe Alaska effective 1 September 2019.Â  The lease is located in the eastern North Slope and covers a portion of T6N R 21 E (Umiat Meridian): W/2 Sec 2, Sec 3, N/2 Sec 10 and NW/4 Sec 11.  The 1,440-acre (5.8 sq km) lease was picked up by Lagniappe with a sole uncontested bonus bid of USD 39,124.80 at North Slope Areawide Sale 2018W held on 15 November 2018.Â  It was one of 120 leases acquired by the company, which spent over USD 14.6 million at the sale.
Lagniappe (100%) was conferred sole rights to ADL 393770 (5.8kmÂ²) in the E North Slope.