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NEWS BULLETIN

January 31, 2008 --- Vol. 14, No. 11January 2008

BLM approves first NPR-A federal unit

The U.S. Department of the Interior Bureau of Land Management has approved its first federal oil and gas unit agreement for leases in the National Petroleum Reserve-Alaska.

The Jan. 30 approval is for Greater Mooses Tooth unit in the Northeast NPR-A planning area, just west of the State of Alaska’s Colville River unit. There are 34 federal leases, totaling 147,456 acres, in the Greater Mooses Tooth unit.

“We are very pleased to sign this unit agreement,” said BLM Alaska State Director Tom Lonnie. “We view this as the first step toward successful development of nationally important energy resources from this petroleum reserve.”

The unit was proposed by ConocoPhillips Alaska, the unit operator, and Anadarko Petroleum which holds an interest in the leases, as it does at the Colville River unit.

The unit area includes all or part of the following leases: AA 081735*; AA 081736*; AA 081742*; AA 081743*; AA 081745*; AA081746*; AA 081777*; AA 081778*; AA 081779*; AA 081780; AA 081781; AA 081782; AA 081784; AA 081785; AA 081788*; AA 081798*; AA 081799; AA 081800; AA 081801; AA 081802; AA 081803; AA 081804; AA 081805; AA 081806; AA 081807; AA 081808; AA 081809; AA 081810; AA 081818*; AA 081819; AA 081820; AA 081821; AA 088123*; and AA 081857*. Leases shown with asterisks will be segregated because they are partially in and partially out of the unit.

Note: See complete story in Feb. 3 issue of Petroleum News, available online Feb. 1.

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