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Editors note: This story first appeared in the Nov. 2, 2003, issue of Petroleum News. Dallas-based Pioneer Natural Resources came to Alaska a year ago when it acquired 70% interest in 10 Armstrong Resources Beaufort Sea leases and took over as operator at the Northwest Kuparuk prospect (now the Ooog. ....
The old Sandpiper prospect, where two wells were drilled in the mid-1980s, was the biggest dollar draw at the Sept. 24, 2003, Minerals Management Service Beaufort Sea lease sale, attracting winning bids of $4 million from ConocoPhillips Alaska, as well as $1.27 million from Armstrong Alaska, in the. ....