Forest Oil updated analysts on its Cook Inlet, Alaska, Redoubt Shoal development as part of a third-quarter conference call Nov. 5, 2003. The company said capital expenditures for Alaska have dropped from $7 million a month in the first quarter of the year to $3 million a month in the third quarter..
On Jan. 9, Glacier Oil & Gas, an independent oil and gas company focused on the exploration and production of Alaska resources from the North Slope to the Cook Inlet, announced that Pontem Energy and Sweat Equity Partners, or SEP, acquired 100% ownership in Glacier.
Glacier owns and operates upstrea.