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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,...
Providing coverage of Alaska and northern Canada's oil and gas industry Finnex deal falls apart, North Slope Mustang oil field in AIDEAs hands Kay Cashman Petroleum News The Finnex LLC deal to purchase the assets of the Mustang oil field, which lies between the Kuparuk River and Colville River units on the North Slope, appears to have fallen through, putting the Southern Miluveach unit in the hands of AIDEA-owned Mustang Holding LLC, per a Dec. 4 decision by Alaskas Division of Oil and Gas. AIDEA, the Alaska Industrial Development and Export Authority, is the primary lender for the Mustan...