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Oil Patch Insider Forest Alaska asset sale still in works; Savant gets Kuukpik rig; McIntosh joins Brooks Range; Crowley appoints Cox
When Forest Oil announced the sale of its Alaska assets to Pacific Energy Resources at the end of May, the companies expected the deal to close by June 30, with Pacific Energy taking over Forest’s operations in Alaska at that time.
When that didn’t happen Petroleum News asked Shane Manning why not. Manning is a manager with Pacific Energy at its California headquarters. He said Pacific Energy was still negotiating “detailed terms” with Forest and that it was much too early to say when Pacific Energy would take charge of the Alaska operations.
“Forest Oil still has its hands on the wheel,” Manning told Petroleum News on July 12.
Forest did not return phone calls placed to its Denver headquarters, but earlier Forest said the June 30 date was “subject to customary closing conditions and adjustments.”
Savant signs letter of intent for Kuukpik Rig 5 Savant Alaska and Kuukpik Drilling have signed a letter of intent for Kuukpik Rig 5 to drill Savant’s Beaufort Sea Kupcake prospect “in the first quarter of 2008,” Savant COO and Executive Vice President Greg Vigil told Petroleum News July 11.
“Savant and Kuukpik plan to enter into a formal drilling contract next week,” Vigil said.
Kupcake is adjacent to BP’s Liberty prospect and is expected to hold approximately 100 million barrels of recoverable oil. BP has pegged Liberty’s recoverable oil at between 120-130 million barrels and is currently moving toward field development.
McIntosh joins Brooks Range Hillary McIntosh left the Alaska Support Industry Alliance July 12 to take a position with independent Brooks Range Petroleum as their manager of business development and external affairs.
“It’s truly been an honor to work with such an active staff, board of directors and membership. You’ve made the past two and a half years very enjoyable,” McIntosh said in a parting email.
Cox joins Crowley Crowley Maritime Corp. said in early July that Bob Cox has joined its petroleum distribution group as general manager.
“Cox is domiciled in the company’s Anchorage office and reports to Craig Tornga, vice president of petroleum distribution,” the company said.
In his new position, Cox, a registered civil engineer, will be responsible for Crowley’s 14 Alaska marine and aviation petroleum terminals.
Prior to joining Crowley, he was vice president at both Petro Marine Services and Alaska Railroad. He also held various positions of increasing responsibility with Southern Pacific Railroad including engineering, operations and marketing.
New report out on Alaska oil industry Research and Markets has added “U.S. Alaska Oil and Gas Asset Report,” published by Global Market Direct, to its offering of some 387,676 research reports. The Ireland-based firm said July 10 that the 40-page, $1,000 report includes data and information for all major exploration blocks in the state as well as historical production data by asset/company; historical reserve data; operator and equity details for exploration and production; and five-year forecasts of production, gross revenues and total government take for active and commercial fields.
It also includes decline-curve analysis and Hubbert’s logistic models used to forecast production of declining and early producing fields, respectively, the firm said.
For more information go to http://www.researchandmarkets.com.
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