Escopeta appeals Kitchen Lights default decision
Escopeta Oil is appealing the State of Alaska’s decision to put the Kitchen Lights unit in default.
In paperwork filed on Sept. 17, the Houston-based independent challenged the conditions that the Alaska Department of Natural Resources set out in July for Escopeta to retain ownership of the offshore Cook Inlet unit. Escopeta believes those conditions are beyond the state’s authority, and don’t serve the best interest of the public or the company.
Escopeta wants the Alaska Superior Court to remand the case back to DNR for a fresh hearing, and take the Kitchen Lights unit out of default until the matter is resolved.
The state said it could not discuss the appeal, as it is an ongoing legal matter.
See full story in the Sept. 26 issue of Petroleum News, available to subscribers online at noon, Friday, Sept. 24 at www.PetroleumNews.comthe next few days, Jones said.
The Endeavour well will target a Tyonek and Hemlock formation oil prospect that mirrors the nearby Cosmopolitan prospect. Cosmopolitan is known to contain oil. Endeavour also has gas potential in horizons above the oil prospect.
Editor’s note: The full story will appear in the April 2 issue of Petroleum News.
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