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
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 05/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.