UA Negotiates New Subsurface Lease with Hilcorp

The University of Alaska Land Management office is working with Hilcorp on terms for a new subsurface lease on multiple Kenai Peninsula parcels, complementing an existing oil and gas lease in the Ninilchik Unit. The prospective agreement will govern future resource development and associated royalties on university lands.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Renewal

New subsurface lease terms are under negotiation; any lease encompassing 5,000 or more acres will require Board of Regents approval per policy.

Document type

Agenda

Source document

university-of-alaska-facilities-and-land-management-committee-agenda_2a8.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by University Of Alaska System Of Higher Education?

HILCORP was awarded this government contract by University Of Alaska System Of Higher Education, as recorded on September 4, 2025.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in university-of-alaska-facilities-and-land-management-committee-agenda_2a8.md (Agenda), dated September 4, 2025 from University Of Alaska System Of Higher Education. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does HILCORP hold?

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