Range Petroleum News Today

The Alaska Department of Environmental Conservation Air Permit Program said April 19 that it proposes to approve an Owner Requested Limit, or ORL, for the Mustang Pad on Alaska

The operator of the South Miluveach unit, Mustang Holding LLC, has an Oil Discharge Prevention and Contingency Plan under review by the Alaska Department of Environmental Conservation per a Dec. 27 ADEC notice. The proposed CPlan confirms that Mustang Holding and its new owner Finnex Operating LLC a...

The Mustang field, moribund since initial production in 2019, is slated to have new ownership within the month, after the Alaska Industrial Development and Export Authority board voted in September to authorize the agency

Since the Alaska Industrial Development and Export Authority, or AIDEA, completed a Sept. 23, 2020, non-judicial foreclosure that granted 90.1% ownership of the Southern Miluveach unit and related loan collateral to Mustang Holding LLC, a wholly owned AIDEA subsidiary, MHLLC has been unit operator,...

The Alaska Division of Oil and Gas said recently that ConocoPhillips Alaska has surrendered five state oil and gas leases and Oil Search (Alaska) and Repsol E&P USA have surrendered 14 leases. The division said in a July 29 surrender of lease that ConocoPhillips Alaska surrendered two leases, ADL 3...

Toward the end of the 20th century, ARCO Alaska supposedly invented a term that may have been mere marketing but has since become an accepted vision for the North Slope. The billion-dollar fairway. The billion-dollar fairway is the strip of land between the Kuparuk River unit and the Colville River...

With more than $70 million invested and an expected gross value from oil production of $1.3 billion, lender Alaska Industrial Development and Export Authority is putting the assets of the North Slope Mustang oil field up for sale through a competitive bid process. AIDEA passed a resolution Aug. 12,...