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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 Alaska’s Division of Oil and Gas, 23 pages are devoted to Borealis Alaska Oil’s 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 company’s 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. ....

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