DOG approves various land deals in July

Alaska Venture Capital Group LLC completed its acquisition of a bundle of leases on the eastern North Slope in July, according to recent Alaska Division of Oil and Gas files.

BG Group and Arctic Slope Regional Corp. transferred 40 percent and 10 percent working interest, respectively, in 23 leases to AVCG. Anadarko Petroleum Corp. transferred the remaining 50 percent working interest in June. The leases are part of the Greater Bullen unit that AVCG and its partners want to form over 200,058 acres just west of the Arctic National Wildlife Refuge, between the Badami and Point Thomson units.

The division also approved the transfer of 70 percent working interest and 56 percent royalty interest in six Beaufort Sea leases from GMT Exploration Co. LLC to Repsol E&P USA Inc. The deal is one piece of a partnership between the Spanish major Repsol and Denver-based independents GMT and the Armstrong subsidiary 70&148 LLC.

Chevron transferred a small working and royalty interest, less than 5 percent, of one North Slope lease, ADL 390506, to Pioneer Natural Resources Alaska Inc.

Finally, New Energy Alaska LLC transferred several small royalty interests, all in values of 1 percent or less, in two Cook Inlet leases to nine independent investors.

NOTE: A copyrighted oil and gas lease map from Mapmakers Alaska (www.mapmakersalaska.com/) was a research tool used in preparing this story.

—Eric Lidji