Petro-Canada Foothills acreage returns to stateCompany's acreage exceeded state's 500,000 onshore acreage limit; $1.13 million in deposit fees forfeited, along with 148 tracts Petroleum News Alaska
Petro-Canada learned a hard lesson that ended up costing the producer a bundle of cash and the lion's share of exploration acreage it acquired in last year's North Slope Foothills Areawide Lease Sale.
After exceeding by twice the state's 500,000-acre limit for onshore acreage, Petro-Canada recently....
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