State approves UltraStarís Dewline unit
One exploratory well drilled over winter, but Weeks wonít reveal the results or cost; second well to be drilled by May 2013
By Wesley Loy
For Petroleum News
Alaska regulators have approved formation of UltraStar Exploration LLCís Dewline unit on the North Slope.
The five-year unit agreement is important because it will extend the three state leases comprising the unit beyond their fast approaching expiration dates.
Now tiny Anchorage-based UltraStar....
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One well drilled this winter
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