Cook Inlet Energy's ready 12/20/2009
Tennessee's Miller Energy brings $4.5M to buy, re-start abandoned Alaska assets
Managers for Cook Inlet Energy say they've wrapped up the purchase of a package of formerly abandoned oil and gas properties on the inlet's west side and are moving toward a production re-start. The c...

New Cook Inlet operator 12/06/2009
Local firm looks to take over abandoned Pacific Energy assets in $2.25M deal
Pacific Energy Resources Ltd. has won court permission to reclaim some of its abandoned Cook Inlet oil and gas assets for purposes of a sale to a new operator. The key action came on Nov. 25, when a U...

The Explorers 2009: Interior Alaska basins 11/15/2009
Although analysts think that the majority of Alaska's oil and gas resources lie within the major basins of northern Alaska, Cook Inlet and the Bristol Bay area, there are several other basins around t...

The Explorers 2009: Exploration licenses open Susitna 11/15/2009
Very little oil and gas exploration has been done in the Susitna basin, the northern extension of the Cook Inlet basin in the valley of the Susitna River. A total of nine exploration wells and four co...

The Explorers 2009: Cook Inlet basin 11/15/2009
Cook Inlet, a major sea inlet between the Kenai Peninsula and the mainland of Southcentral Alaska, lies over part of a deep sedimentary basin that has formed between the Kenai Mountains and the mounta...

The Explorers 2009: Cosmopolitan back on track 11/15/2009
Pioneer plans more appraisal work at offshore Cook Inlet prospect this year
Work on the Cosmopolitan oil prospect in Southcentral Alaska's Cook Inlet basin has ramped back up, operator Pioneer Natural Resources told Petroleum News Oct. 20. In January, Pioneer put plans to dri...

Hasty Cook Inlet auction 11/08/2009
Sale set as part of Pacific Energy plan to recoup, liquidate assets it abandoned
The fate of some oil and gas assets Pacific Energy Resources Ltd. abandoned in Alaska's Cook Inlet remained in limbo as the company worked to regain control of the properties and sell them at auction....

Cosmo back on track 10/25/2009
Pioneer plans more appraisal work at offshore Cook Inlet prospect this year
Work on the Cosmopolitan oil prospect in Southcentral Alaska's Cook Inlet basin has ramped back up, operator Pioneer Natural Resources told Petroleum News Oct. 20. In January, Pioneer put plans to dri...

CIRI plans coal to gas 10/18/2009
Underground coal gasification could fuel power generation for Alaska Railbelt
There was almost a round of cheers at the joint meeting of the Alaska House Resources, Senate Resources and Senate Energy committees in Anchorage on Oct. 9, as enthusiastic legislators listened to exe...

Surprise sale proposed 10/18/2009
Pacific Energy asks court to reverse abandonment, OK Cook Inlet assets deal
Pacific Energy Resources Ltd., which in September abandoned nearly all its holdings in Alaska's Cook Inlet as part of bankruptcy proceedings, is now asking a judge to partly reverse his Sept. 11 aband...

Wanted: Operator for Cook Inlet fields 10/11/2009
The State of Alaska is looking for a contractor to come up with a longer-term solution for the Cook Inlet basin assets abandoned in bankruptcy proceedings by operator Pacific Energy Resources. Among t...

Railbelt crossroads 10/11/2009
Gas-dependent SC Alaska tries to determine how to meet energy needs
As the Municipality of Anchorage prepares for the possibility of natural gas shortages during the cold of the coming winter, shortages that would cause the electric utilities to activate contingency p...

Pacific Energy dumps more Cook Inlet assets 09/20/2009
List includes West McArthur River, Redoubt Shoal, West Foreland fields; properties expected to fall to state or other landowners
Pacific Energy Resources Ltd. has abandoned most if not all of its remaining oil and gas assets in Alaska's Cook Inlet, leaving the state and other landowners with the potentially costly chore of look...

Companies sue over Spurr 09/20/2009
Dispute turns on who pays what to retire a CI platform no longer producing
The bankruptcy case of small Cook Inlet oil and gas producer Pacific Energy Resources Ltd. has spun off a court fight pitting two of the region's largest players. Marathon Oil and Chevron are tussling...

Quebec on verge of breakthrough; Utica shale up to 9,000 feet thick 09/13/2009
Get ready to add Quebec to the list of Canada's hydrocarbon producing provinces and the list of shale gas regions. A study by Texas-based reservoir engineering firm Netherland, Sewell and Associates has...

Pacific Energy IDs buyers 09/13/2009
State of Alaska considers asset purchase but backs off, figuring to inherit property
The State of Alaska briefly considered buying some of the remaining Cook Inlet assets of imploding California oil and gas producer Pacific Energy Resources Ltd., but ultimately decided against it. Kev...

Pacific Energy bails 09/06/2009
California firm abandons Trading Bay oil unit in Cook Inlet after sale crumbles
Pacific Energy Resources Ltd., mired in bankruptcy proceedings, has walked away from perhaps its most valuable Alaska oil and gas asset - a minority interest in the Trading Bay unit in Cook Inlet. The...

Pacific Energy's Trading Bay sale gets OK from bankruptcy judge 08/23/2009
Aug. 31 deadline set for proposed buyer Ocar to show proof of at least $60M in financing
A Delaware bankruptcy judge has given preliminary approval for Pacific Energy Resources Ltd. to sell its minority stake in the Trading Bay unit in Alaska's Cook Inlet. For final approval, the buyer mu...

Pacific Energy proposes $100 asset sale 08/16/2009
California oil and gas producer looks to shed stake in Trading Bay oil field in Cook Inlet, unload debt and other obligations
Financially troubled oil and gas producer Pacific Energy Resources Ltd. is proposing to sell some of its most valuable assets in Alaska's Cook Inlet for $100. The asset package includes Pacific Energy...

Still chasing asset sale 08/09/2009
Pacific Energy substitutes New Alaska Energy as winning bidder for Cook Inlet properties
Pacific Energy Resources Ltd.'s proposed sale of some of its oil and gas assets in Alaska's Cook Inlet continues to hang in limbo in U.S. Bankruptcy Court in Delaware. Numerous lawyers representing th...

Pacific Energy sale 07/26/2009
Caribbean firms bid $8.1 million for Cook Inlet assets; hearing on July 27
Financially strapped oil and gas producer Pacific Energy Resources Ltd. is proposing to sell part of its Alaska holdings for $8.1 million to a pair of companies registered in the British Virgin Island...

Swanson River gas satellites a go; Chevron, Marathon moving ahead 07/19/2009
Both Chevron and Marathon are moving ahead on work at Swanson River satellites where they hope to find commercial quantities of natural gas. This is an area where gas has been known since the 1960s,...

PERL files Chapter 11 03/15/2009
Citing falling oil prices and big debt load, Pacific Energy files for bankruptcy
One of Alaska's smallest producers filed for Chapter 11 bankruptcy protection March 8. In court documents, Pacific Energy Resources Ltd. said the drop in oil prices toward the end of last year weakene...

Pacific Energy gets some breathing room 01/04/2009
Company gets forbearance until February on several defaulted loans; considering options for possible sale, merger or refinancing
Pacific Energy has been given a brief reprieve on its loans, the company said on Dec. 29. The California-based independent oil company with significant acreage in Alaska said its lenders have agreed n...

Cook Inlet deal? 12/28/2008
State offers to combine prospects to save leases; companies want more time
State oil and gas officials are proposing to consolidate the lease holdings of three Cook Inlet operators in the hopes of speeding development of several offshore prospects. But the operators are aski...