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Providing coverage of Alaska and northern Canada's oil and gas industry
July 2017

Vol. 22, No. 29 Week of July 16, 2017

State finalizes CRU boundary changes

The Alaska Division of Oil and Gas formalized two recent administrative changes to the Colville River unit in June, according to the newest lease report from the agency.

The first change shifted the boundaries of the Nanuq-Kuparuk participating area at the North Slope unit, and the second shifted the boundaries of the Alpine participating area.

ConocoPhillips requested the changes to accommodate its more precise geologic understanding of the region, as a result of ongoing CD-5 development activities.

Other leasing news

Doyon Ltd. surrendered 21 leases in the Nenana basin in June.

The Alaska Native corporation for the Interior region recently announced plans to drill its fourth exploration well in the basin over the coming year. The well is planned for the northern end of the basin, suggesting that the company is refining its portfolio of leases.

The company originally explored the region under the terms of an exploration license and later converted a portion of the licensing region into traditional oil and gas leases.

Also in June, the state formally issued leases from its December 2016 sales.

The state issued 74 leases to ConocoPhillips, seven to Armstrong Energy LLC, six to Narwhal LLC, two to Brooks Range Petroleum Corp. and two to Alliance Exploration LLC. Brooks Range Petroleum Corp. forfeited three additional leases acquired in the sale, and Alliance Exploration also forfeited three additional leases acquired in the sale.

Finally, the state is considering a request from Rick Hexum to transfer 0.09375 percent royalty interest in six leases at the Kitchen Lights unit to independent Proak LLC.

- ERIC LIDJI






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