TG World positive on NS exploration 12/06/2009
BRPC JV partner spells out some details of seismic and drilling program across the North Slope; sees value of exploration credits
As the only outfit engaged in exploration onshore or offshore northern Alaska this winter, Brooks Range Petroleum Corp., operator for a joint venture of small independents, looks like having a lonely...

The Explorers 2009: Brooks Range Petroleum Corp. 11/15/2009
Brooks Range Petroleum Corp. is the operating arm of the Kansas-based Alaska Venture Capital Group and the lead company in a multipartner venture responsible for some of the most active drilling on th...

The Explorers 2009: Northern Alaska and Arctic offshore 11/15/2009
In 1968 the discovery of the giant Prudhoe Bay field, the first field to be discovered on Alaska's North Slope and among the 20 largest oil fields ever discovered worldwide, triggered a northern Alask...

Risk to reward 08/09/2009
Exploration takes breather, but project development has North Slope buzzing
If you've been to Alaska's North Slope in the last few months you know that beds and trucks are in short supply and Deadhorse, the center of oilfield activity, looks like a boom town. "There are more...

BRPC: starting small 08/02/2009
North Shore permitting under way; well next; gravel work could begin in 2010
If the next well is successful, and development at North Shore is approved by the owners, production could begin as early as 2011 from the prospect north of Prudhoe Bay on Alaska's North Slope. Crude...

Brooks Range Petroleum applies to form Beechey Point unit 05/10/2009
Unit would cover 25 leases in the Gwydyr Bay region north of Prudhoe Bay, site of previous oil discoveries hampered by economics; first oil from 52,877-acre area could be as early as 2013
A joint venture of independents is proposing to form a unit north of Prudhoe Bay. Brooks Range Petroleum Corp., the local affiliate of Kansas-based Alaska Venture Capital Group, filed an application w...

Contracts and conditions at issue 05/03/2009
Superior Court case between Alaska Venture Capital Group and TG World Energy focusing on contract signed late last year
A lawsuit between two North Slope explorers is centering on a contract signed last fall. Kansas-based Alaska Venture Capital Group and its subsidiary Brooks Range Petroleum Corp. asked state Superior...

Judge orders mediation for North Slope explorers 02/15/2009
Stowers says case wouldn't be tried until late 2009 or early 2010, successful mediation effort could save 2010 drilling season
A state judge has ordered two North Slope explorers to go into meditation in the hope of resolving a legal dispute between them in time to save a 2009-10 drilling program. At a hearing on Feb. 6, Anch...

BRPC delaying winter work 02/08/2009
Lawsuit forces busy explorer to postpone winter drilling at least one winter; companies permitting three prospects in Gwydyr Bay
A joint venture exploring the North Slope is postponing a major exploration program planned for this winter until it can resolve a legal dispute between two of its partners. Brooks Range Petroleum Cor...

BRPC adds to exploration program 02/01/2009
Company plans to drill at West Shore if time permits, now drilling three prospects in Gwydyr Bay this winter, gets AOGCC permit
A four-company joint venture is adding two proposed wells to an already busy North Slope exploration program this winter in the Gwydyr Bay area north of Prudhoe Bay. Project operator Brooks Range Petr...

TG World files counterclaim on AVCG 01/25/2009
Claims it is not in violation of joint venture agreement by choosing not to fund share of North Slope winter exploration program
A Calgary company claims it did not violate a joint venture agreement by deciding not to fund its share of an exploration program on the North Slope planned for this winter. In Alaska Superior Court o...

BRPC sues TG World for breach of contract 12/07/2008
Brooks Range Petroleum Corp. planned to file a complaint against TG World Energy Corp. in state superior court on Dec. 4, according to an executive with the company. The complaint comes after Calgary-...

The Explorers 2008: The little explorer that could 11/23/2008
Eight years in, AVCG preps third drilling season in Gwydyr Bay, moves toward possible development
You can call Alaska Venture Capital Group one of the children of the Charter. Formed in 1999 by long-time oilmen John Jay "Bo" Darrah Jr. and Barton Armfield, the Kansas-based holding company came to...

Cash is king 10/19/2008
It's too early to know final impact of economic crisis on oil, gas industry
The financial crisis that is churning its way around the world economy seems likely to cause an international recession at best and could cause a global economic meltdown at worst. But how might this...

Exploration gets waist deep in April 04/20/2008
ConocoPhillips to PandA three, Chevron spuds third at White Hills, Tofkat finds oil, Anadarko done, Savant halfway at Kupcake
With the first few weeks of spring under way, the winter exploration season on the North Slope is gearing up for some companies and winding down for others. ConocoPhillips is effectively finished dri...

Bow Valley spent $16.3M in Alaska in 2007 03/16/2008
Over the past 18 months the independent has grown presence in Alaska, but focus remains on North Sea exploration projects
Bow Valley Energy Ltd. spent $16.3 million on Alaska projects in 2007, including $2.15 million in the fourth quarter of the year, as part of a $196.6 million companywide capital program, according to...

North Slope exploration marches on 03/09/2008
Brooks Range announces Tofkat, North Shore results; Chevron moves to second well; Savant expects to spud Kupcake by March 15
With the start of March, exploration drilling continues across the North Slope, but as has been the case all winter, the Brooks Range Petroleum Corp. is supplying most of the news. Based on initial dr...

BRPC, ConocoPhillips spud ANS wells 02/17/2008
Brooks Range spuds second exploration well of season; ConocoPhillips starts work on Char, gets permits for Spark
Tuesday, Feb. 12 proved to be a good day for North Slope exploration, as Brooks Range Petroleum Corp. and ConocoPhillips Alaska Inc. both spud wells in the western edge of the central North Slope. ...

Anadarko spuds Gubik gas well 02/10/2008
Brooks Range sends rig to Tofkat, ready to test North Shore; Chevron spuds Smilodon; ConocoPhillips still building ice roads
Considering the midseason weather troubles that delayed many companies exploring on the North Slope this year, February is starting out as easy as A-B-and-almost-C. Anadarko Petroleum, Brooks Range Pe...

ANS exploration gets late start 02/03/2008
Brooks Range Petroleum re-drill is only well spud to date, but several companies hope to start drilling in next few days
At the halfway point of one of the busiest winter exploration seasons in recent years, only one of the eight companies planning North Slope wells have actually spud. But the week of Feb. 3-9 could be...

Brooks Range re-enters North Shore No. 1 01/20/2008
On behalf of joint venture, independent re-enters its North Shore No. 1 well, plans for more North Slope wells later this winter
Brooks Range Petroleum Corp. re-entered the North Shore No. 1 well on Jan. 10, resuming a project cut short in 2007 when the company didn't finish work by the end of the winter drilling season. Brooks...

UltraStar soldiers on 01/13/2008
Weeks pursuing Dewline Deep despite BP's reluctance to operate; AVCG wants in
It seems that persistence is a key attribute for a small independent oil producer wanting to break into the North Slope oil scene. That's certainly the case with UltraStar Petroleum, the tiny independ...

Brooks Range permits backup prospects 01/06/2008
As previously reported by Petroleum News, Brooks Range Petroleum Corp.'s North Slope winter exploration plans include re-entering its North Shore 1 well and drilling at its Tofkat prospect (see story...

THE EXPLORERS 2007: Small independents in high gear 11/18/2007
Five small EandP gas companies plan to drill exploration wells on Alaska's North Slope winter 2007-08
Five small independent oil and gas companies expect to drill exploration wells on Alaska's North Slope in the winter exploration season of 2007-08. In the past, the highest number of small independent...

THE EXPLORERS 2007: Alaska gets $2 million from lease sales 11/18/2007
An Alaska investor group and a new company dominated the State of Alaska's annual North Slope and Beaufort Sea areawide lease sales. When bids were read Oct. 24 in Anchorage by Acting Director of the...