State denies Kenai Loop unit
Claims Buccaneer using unitization process to extend lease terms; Buccaneer plans to appeal, calling ruling ‘unprecedented’
For Petroleum News
The Alaska Department of Natural Resources will not unitize the Kenai Loop field, saying the “primary propose” of the request from Buccaneer Alaska Operations LLC appears to be “lease extension and not the efficient development of the unit area.”
The proposed unit would have covered some 7,500 acres....
[additional news subjects in this story]
Company to appeal
MHT lease producing
Question about CIRI lease
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