Brooks Range Petroleum applies to form Beechey Point unit
Unit would cover 25 leases in the Gwydyr Bay region north of Prudhoe Bay, site of previous oil discoveries hampered by economics; first oil from 52,877-acre area could be as early as 2013
A joint venture of independents is proposing to form a unit north of Prudhoe Bay.
Brooks Range Petroleum Corp., the local affiliate of Kansas-based Alaska Venture Capital Group, filed an application with the state Department of Natural Resources on April 27 to form the Beechey Point unit from 25 lea....
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Oil long known in region
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