Kerr-McGee files for royalty relief
Oklahoma-based independent rolls Tuvaaq, Kigun and Nikaitchuq leases into application; DNR official says independent hopes to lay gravel this winter; Corps permit, ConocoPhillips deal last hurdles company has to clear to start work on Nikaitchuq
Kerr-McGee submitted its formal application to the State of Alaska on Jan. 11 for royalty modification on 14 leases in and around its proposed Nikaitchuq oil development in the shallow waters of the Beaufort Sea off Alaska’s North Slope. The Oklahoma independent asked the state to drop the royalty r....
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“Clear and convincing,” says Kerr-McGee
Will KMG get what it wants?
How soon will KMG get a decision?
Nikaitchuq holds 100-200 million BOE
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