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
Sidebar: State approves Badami expansion
ERIC LIDJI
for Petroleum News
Reprinted from the March 24, 2013 issue of Petroleum News
The Alaska Department of Natural Resources has agreed to expand the Badami unit to include portions of two leases overlying the East Mikkelsen oil prospect but will not include an additional five leases also requested for expansion by two le..
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Smaller expansion
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Providing coverage of Alaska and northern Canada s oil and gas industry
Division denies Glaciers Badami expansion
E. North Slope unit operator lacks sufficient work plan for expansion area, no geo proof of connectivity between unit, new area
Kay Cashman
Petroleum News
On remand from the commissioner of the Alaska Department of Natural Resources, the director of the Division of Oil and Gas denied an application from operator Savant Alaska to expand the eastern North Slope Badami unit in a decision issued on Jan. 22. Savant is a Glacier Oil and Gas company.
As Petr..
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Providing coverage of Alaska and northern Canada s oil and gas industry
Slope sales draw $7M
Kristen Nelson
Petroleum News
The Alaska Department of Natural Resources Division of Oil and Gas unveiled results from its North Slope, Beaufort Sea and North Slope Foothills areawide sales Jan. 13, with the Slope drawing some $6.8 million and the Beaufort just over $200,000 in bids; there were no bids in the Foothills sale.
T..
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Filling in around acreage