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Vol. 5, No. 1 Week of January 28, 2000
Providing coverage of Alaska and northern Canada's oil and gas industry


Middle Ground Shoal leases signed over to Cross Timbers

Company will escrow money for estimated $31 million removal cost, provide annually renewed $3 million suretyship bond

Kristen Nelson

PNA News Editor

In December, Cross Timbers Oil Co. got state approval for transfer of the two Cook Inlet leases it purchased from Shell Western E&P Inc. Sept. 30, 1998. The state approved the transfer after Cross Timbers agreed to provide the Department of Natural Resources with a suretyship bond and to establish a....

    [additional news subjects in this story]

Annual bond required

Cross Timbers began operating properties in 1998

Company looks at productive history


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