State extends Nikolaevsk unit terms
State gives Unocal additional time to drill another Red well, releases flow test results from previous wells drilled in 2004
The state has agreed to extend the terms of the Nikolaevsk unit by more than two years.
The unit was set to expire on Jan. 30, 2009, but will now run through March 31, 2011.
Unocal, a subsidiary of Chevron, formed the unit on Jan. 29, 2004. The unit has since contracted twice and now covers some 5,7....
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Gas plays in Southern Kenai
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