AOGCC proposes revisions in bonding regulations
If the Pioneer project is a success, Evergreen Resources (Alaska) Corp. plans to have drilling and completion equipment purpose-built for Alaska, the company’s president and CEO told PNA. The new equipment would operate full time in the state, Mark Sexton says.
Evergreen’s parent company in Denver — Evergreen Resources Inc. — has a completely integrated approach to coalbed methane development and owns its own drilling, completing, fracturing and well completion equipment.
Although Evergreen Resources has its own well service company Outside, Sexton told the House Special Committee on Oil and Gas in January that the company also works extensively with local contractors, “once we get going and find the right combination of techniques” for a field.
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