Trump cancels withdrawal of Arctic OCS lands from leasing
Unocal has applied for two new units on the Kenai Peninsula: the South Ninilchik unit — uplands and tied and submerged lands northeast of the town of Ninilchik and bordered on the east by the Ninilchik River — and the Deep Creek unit — uplands that parallel the Cook Inlet coastland approximately five miles inland from Ninilchik and Happy Valley. Both units would be jointly managed by the state and Cook Inlet Region Inc.
Unocal has 100 percent working interest ownership in the Deep Creek unit, 40 percent of which is on state leases and 60 percent of which is in Cook Inlet Region Inc. leases; it covers approximately 22,216 acres.
Unocal has a 97.02 percent working interest in the South Ninilchik unit; the remaining acreage is unleased. Approximately 55 percent of the unit is on state leases and 24 percent is on CIRI leases. The remaining royalty ownership is divided among the Kenai Peninsula Borough, the Bureau of Indian Affairs, and numerous estates, trusts, and private individuals. The proposed unit covers approximately 9,328 acres.
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