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...

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...

TG, BRPC reach settlement 10/04/2009
Plan to drill 1-2 exploration wells at North Slope Beechey Point unit this winter
Winter exploration by BRPC is moving ahead after legal difficulties between partners in the North Slope Beechey Point unit were resolved in late September. TG World, AVCG and Brooks Range Petroleum C...

State approves BRPC Beechey Point unit 09/06/2009
Development at 52,876-acre unit north of Prudhoe Bay would commercialize small discoveries between Milne Point, Northstar units
Brooks Range Petroleum Corp. has received approval from the Alaska Division of Oil and Gas for formation of the Beechey Point unit. The new unit includes 25 state oil and gas leases, some 52,876 acres...

BRPC seeks North Shore project permits 08/23/2009
Company executive doesn't see legal tussle with partner TG World getting in way of small oil development near Prudhoe Bay field
Brooks Range Petroleum Corp. is seeking a raft of permits for its small North Shore oil development on Alaska's North Slope. The Anchorage-based company is pursuing the permits as state officials revi...

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...

TG World opposes Beechey Point unit 06/21/2009
Calgary independent says proposed unit shortchanges its interests, has multiple operating agreements that invite waste, inequity
TG World Energy Inc. is objecting to the proposed formation of the Beechey Point unit on the North Slope, saying its partners submitted faulty information that denies the Calgary-based independent oil...

Pioneer drops nearly 150,000 acres 05/24/2009
Move represents shift from exploration to development, lower prices; 51 leases split between Beaufort Sea and south of Prudhoe; company says focus now on Oooguruk development drilling
Pioneer Natural Resources relinquished 51 leases in April, according to state records. The leases cover 145,448 acres spread across two areas. The company gave up seven leases in the waters of Stefans...

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...

Donkel and Cade get Stinson-area leases 04/19/2009
State OKs transfer of five leases surrounding the Stinson No. 1 exploration well drilled north of ANWR in 1990 by ARCO Alaska
State land managers have approved a transfer of working and royalty interest in a plot of acreage in the waters north of the Arctic National Wildlife Refuge on the North Slope. The transfer gives fiv...

Exploration continues 03/29/2009
Through March, six companies in various stages of drilling on the North Slope
Despite some bumps and scraps, the winter exploration season is under way, with six companies in various stages of drilling on state and federal land across the North Slope. Anadarko is getting its wo...

UK independent to acquire Bow Valley 02/22/2009
Dana Petroleum to buy Calgary-independent for C$240 million, assume nearly C$200 million in debt; impact for Alaska uncertain
A partner in a four-company joint venture exploring the North Slope is being acquired by an independent U.K. exploration and production company for approximately C$240 million. Calgary-based Bow Valle...

Certification dispute grows 02/22/2009
Industry disputes division's determination for BRPC North Shore well
That was something of a side issue when the State of Alaska terminated the Point Thomson unit in late 2006 for lack of development is starting to draw more attention. That issue is certification of w...

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...

Oil Patch Insider 02/15/2009
NANA leases 2.2M acres; BRPC sells Stinson leases; Benchmark pulls out; Rutter bringing in rig
NANA Regional Corp. has leased 2.2 million acres onshore in the northwestern Alaska Kotzebue basin to Trio Petroleum, a Bakersfield, Calif., independent oil and gas producer. Trio, which has hired Ala...

Mostly on track 02/15/2009
Some cutbacks expected, but most long-term exploration continuing as planned
Although Alaska has not been immune to cutbacks in the face of tight credit markets and low oil prices, the state has mostly avoided reductions to long-term exploration programs. Between November 2008...

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...

Conoco cuts 20% 01/25/2009
Falling oil prices take spending with it; Pioneer postpones Cosmopolitan
In the most significant response yet to the recent drop in oil prices, ConocoPhillips is budgeting a 20 percent reduction in capital spending in Alaska for this coming year. The reductions are not exp...