L
Lily Wang
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Aug 5, 2026
267. Lynda Mapes: America's Arctic: Too Precious to Lose
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59:22speaker_9UNKNOWN
Can you explain? I mean, is that leading to more leases? I, I don't really know anything about it, so thank you very much for your work.

Lily WangGUEST
Yeah, so seismic testing is a step that oil and gas companies take to either kind of figure out what is under the ground under their current leases or kind of as prospecting, right? Where they might go next.

Lily WangGUEST
Um, so it's kind of twofold, right? So you can have companies, I know Linda mentioned the Alaska Development Corporation.

Lily WangGUEST
Um, AIDA has set aside a hundred fifty million dollars plus to kind of do seismic on their leases.

Lily WangGUEST
They are currently the kind of major lease holder in the Arctic National Wildlife Refuge, and it is kind of the first step towards development, right? It's you're locating those pockets of oil and gas, figuring out kind of where to hone in and where you wanna drill, either on your existing leases or to, again, kind of discover new places and figure out where you want to bid next.
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61:09Helen ShirilloMODERATOR
Um, you're talking about what the cost is to not develop.
Nine Bar
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Adam TeeterHOST
But then as we're coming out of it, how does this become a like, hey, do we do this as a brick and mortar thing?

Lily WangGUEST
So I think my, you know, my parents have been running the restaurant for so long.

Lily WangGUEST
And I think during COVID, when they were just doing delivery and carry out, we were running like a skeleton crew.
29 MINS LATER