Glacier in planning mode for next steps

Alan Bailey

Petroleum News

Phil Elliott, president of Glacier Oil and Gas Corp., told Petroleum News in a Nov. 6 email that his company is currently evaluating its Alaska drilling opportunities and has not yet set its 2019 budget.

The company operates the Badami oil field, on the Beaufort Sea coast, to the east of the central North Slope.

Elliott said that he does not anticipate his company completing its funding assessment until January. Last winter the company saw success with the drilling of its Starfish exploration well in the Badami unit.

Elliott said that his company had an exceptional year, both operationally and financially, in 2018, and that the company is focusing on maintenance projects and a multi-well drilling program at Badami. The company is also seeking to accelerate oil production in its Cook Inlet interests, Elliott wrote.

The company operates the West McArthur River and Redoubt units on the west side of Cook Inlet and the North Fork field on the Kenai Peninsula. The company has also been planning the drilling of the Sabre exploration well near the West McArthur River unit. - ALAN BAILEY