NOW READ OUR ARTICLES IN 40 DIFFERENT LANGUAGES.
HOME PAGE All ADVERTISING OPTIONS SUBSCRIPTIONS - Print Edition, News Bulletin Service PRODUCTS - Special Publications SEARCHABLE ARCHIVES Free Trial Subscription


Vol. 14, No. 14 Week of April 05, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry

Anadarko and FEX get NPR-A partners

Click here to read the PDF version of this story.

Print this story | Email it to an associate.

Anadarko Petroleum and FEX have both brought on old friends on federal acreage the companies separately picked up in a September 2008 lease sale in the National Petroleum Reserve-Alaska, according to U.S. Bureau of Land Management title information.

Anadarko assigned a one-sixth working interest, or 16.66 percent, in 13 leases in the northeast and northwest planning areas of the reserve to BG Alaska E&P. Anadarko retained a 33.34 percent interest. Petro-Canada holds the remaining 50 percent interest.

For several years, the three companies have been partnering on a broad and multiyear search for natural gas in the foothills of the Brooks Range. The companies hold equal working interest on other shared acreage, which covers state, federal and Native land.

The transfer covers all the acreage Anadarko and Petro-Canada acquired in the lease sale.

FEX partners with Petro-Canada

FEX, the Alaska subsidiary of Canadian independent Talisman, assigned a 40 percent interest in 10 leases in the northeast planning area of NPR-A to Petro-Canada.

FEX retained the remaining 60 percent interest in the leases.

FEX and Petro-Canada already partner on dozens of other leases across NPR-A.

Petro-Canada, a major Alaska leaseholder, recently announced a proposed merger with Canadian company Suncor Energy, a deal subject to shareholder and regulatory approval.

The 23 leases with new ownership assignments extend northwest from Umiat.

The assignments became effective April 1.

BLM is an arm of the U.S. Department of the Interior.

—Eric Lidji



Did you find this article interesting?
Tweet it
TwitThis
Digg it
Digg

Submit it to another favorite Social Site or Article Directory.

del.icio.us Facebook Furl Mixx NewsVine Reddit StumbleUpon YahooMyWeb Google LinkedIn Live MySpace Sphinn Technorati Yahoo! Buzz
Email it to an associate.
Print this story






Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2011 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.