Providing coverage of Alaska and northern Canada s oil and gas industry
AOGCC rules KLU wells P&Ad; requires site clearance, bonding
Kristen Nelson
Petroleum News
The Alaska Oil and Gas Conservation Commission has ruled on applications from Furie Operating Alaska to change the status of three offshore exploration wells within the Cook Inlet Kitchen Lights unit.
The wells, KLU Nos. 1, 2A and 4, were suspended by a previous operator in 2012 and 2013 with 15 fe..
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Suspension requests
Providing coverage of Alaska and northern Canada s oil and gas industry
State approves two CIE Redoubt requests
Cook Inlet Energy request included voluntary relinquishment of some acreage, request for delay of mandatory contraction of unit
Kristen Nelson
Petroleum News
The Alaska Division of Oil and Gas has approved requests from Cook Inlet Energy, a Glacier Oil & Gas Corp. company, for voluntary relinquishment of some acreage within the Redoubt unit a request the division said also included a request for a one-year delay in mandatory unit contraction.
The Feb. 2..
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Division decision
Providing coverage of Alaska and northern Canada s oil and gas industry
Preliminary finding for NS Foothills area
Kristen Nelson
Petroleum News
The Alaska Department of Natural Resources Division of Oil and Gas said Feb. 24 that a preliminary written finding of the director for the North Slope Foothills areawide oil and gas lease sale is available for public comment. Best interest findings for the states five areawide sale areas Alaska..
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Providing coverage of Alaska and northern Canada s oil and gas industry
Oil patch insider: Borealis assigns numerous ORRIs;
may have sold E. North Slope block
Kay Cashman
Petroleum News
In the latest monthly lease report posted by Alaskas Division of Oil and Gas, 23 pages are devoted to Borealis Alaska Oils over-riding royalty interest assignments. More ORRI assignments are expected from the company, a re-brand of Nordaq Energy, as well as working interest assignments to a rumored buyer of the companys eastern North Slope leases - Balcony Natural Resources, which per Alaska Department of Commerce filings looks to be newly formed and 100% owned by Kerry Smith, who heads up Oleum Partners LLC of Dallas, Texas.
The Alaska Senate Resources Committee began consideration on Feb. 10 of a bill from the governor which would allow the Department of Natural Resources to modify the terms of net profit share leases when necessary to increase production from otherwise uneconomic sources.
A net profit share lease req.