Alaskan-owned HEX Expands Beyond Cook Inlet with Coastal Plain Leases 
 

ANCHORAGE, Alaska — June 8, 2026 — HEX Energy LLC (HEX Energy) has acquired oil and gas lease tracts 82 and 112 in Alaska’s Coastal Plain through the Bureau of Land Management’s 2026 lease sale. HEX Energy appreciates the work of the President of the United States, the Department of the Interior, the Bureau of Land Management, and the many federal and state professionals who support a transparent and orderly leasing process in Alaska. We are grateful to local community members who affirmed at the recent Alaska Industrial Development and Export Authority (AIDEA) Board Meeting that responsible development can support long-term stability while respecting subsistence resources and traditional ways of life.
 

“This acquisition reflects our long-term confidence in Alaska and our commitment to developing energy opportunities with discipline, local knowledge, and respect for the regulatory process,” said John Hendrix, President and CEO of HEX Energy. “HEX Energy brings together a team with deep Alaska roots, North Slope experience, and international oil and gas expertise. I’m excited to be back working on the North Slope and to apply that experience to this important new opportunity for Alaska. This opportunity allows HEX Energy to commence diversifying and expanding its role in the dynamic energy industry of Alaska.”
 

HEX Energy is a subsidiary of HEX LLC, Alaska’s only locally owned oil and gas company and operator of strategic assets and critical infrastructure in the Cook Inlet. This lease acquisition marks a significant step in its strategy to expand beyond Cook Inlet’s natural gas operations, while maintaining the company’s focus on responsible, Alaska-based energy development. Additional operations in the Coastal Plain has the potential for HEX Energy to strengthen America’s energy and national security while creating jobs for Alaskans and new opportunities for local suppliers and service providers.
 

About HEX LLC: HEX Energy LLC is a subsidiary of HEX LLC (HEX). HEX is Alaska’s only 100% locally owned oil and gas producer and operator. The company operates strategic assets and critical infrastructure in the Cook Inlet and is pursuing disciplined growth opportunities across Alaska to support long-term in-state energy security and responsible resource development. In 2025, the company doubled its natural gas production. Alaskans consume a small volume of natural gas, roughly 190MMcf a day on average based on 70Bcf annual demand for the Railbelt. Currently, HEX is meeting 10% of Railbelt natural gas demand by producing from only 1.4% of HEX’s Cook Inlet Kitchen Lights Unit acreage (1,200 acres of its 84,000 acres). There is significant potential for further development. HEX is headquartered in Anchorage, Alaska.

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