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.