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Special Pub. Week of November 30, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


THE EXPLORERS 2004: Burlington Resources drops Alaska leases

Kay Cashman

Petroleum News

In mid-2004, Burlington Resources dropped the 183,000 acres it won in Alaska’s first areawide North Slope Foothills lease sale in May 2001 for just under $2 million. An annual rent payment of $367,002 was due on the 32 leases on July 1, 2004, but Burlington elected not to pay it. “There were severa....


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