Unocal drilling second Happy Valley well; plans a third well this year
In late June Unocal had just spud its Happy Valley No. 1 well and was in the process of permitting a gas development well, the Happy Valley No. 2, in its Deep Creek unit on the southern part of Alaska’s Kenai Peninsula.
On Aug. 4, Alaska Division of Oil and Gas Director Mark Myers told Petroleum News that Unocal was drilling the second well and was in the process of permitting a third well that it hoped to drill yet this year.
Myers offered no other information on the company’s plans for the Deep Creek unit and Unocal isn’t talking, but good news from the unit will be welcome news for Unocal, which is scheduled to begin delivering natural gas at a lucrative price to Enstar on Jan. 1.
Deep Creek gas would be delivered to Enstar via the newly constructed Kenai-Kachemak Pipeline, owned by subsidiaries of Unocal and Marathon Oil.
Editor's note: See story in Aug. 10 issue of Petroleum News.
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