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 Mustang oil field.