Amid gas crunch, Alaska could revoke leases from a company whose drilling has stalled

Natural gas production from offshore platforms in Cook Inlet, outside of Anchorage, has declined over the past several decades. The area’s dominant producer, Hilcorp, has warned electric and heating utilities that they should not expect their supply contracts to be renewed when existing ones expire. (Photo by Nathaniel Herz/Northern Journal)
Gov. Mike Dunleavy’s administration is threatening to strip a company of oil and gas leases in Cook Inlet outside Anchorage, saying it’s s