FEX puts NPR-A drilling on pause

Independent remains committed, but concerned about land access, high costs, fiscal regime, postpones drilling for two years

By Kay Cashman

Petroleum News

This article will appear in The Explorers magazine, which will be released at the annual Resource Development Council conference in mid-November in Anchorage. The Explorers features oil and gas companies that are in various stages of exploring for oil and gas in Alaska. For more information contact Amy Spittler, Petroleum News associate publisher, at aspittler@petroleumnews.com or (907) 770-3506.

FEX L.P.’s decision to put its Alaska drilling program on pause for two years came as a surprise to everyone except those paying attention to the federal government’s cancellation of National Petroleum Reserve-Alaska lease sales. Land access is the number one issue for the Alaska subsidiary of Calga....

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