Aurora postpones development plans - November 13, 2016

Providing coverage of Alaska and northern Canada's oil and gas industryNovember 2016

Vol. 21, No. 46

Week of November 13, 2016

Aurora postpones development plans

Aurora Gas LLC recently withdrew proposed plans of development for its Nicolai Creek unit and Three Mile Creek field as it works through bankruptcy proceedings.

The local independent submitted proposed plans of development for the two Cook Inlet units to the state Division of Oil and Gas in early October but withdrew them less than a week later and asked the state to extend its existing plans through February 2017.

The state approved the extensions. A reorganization plan for the company is due in bankruptcy court by Jan. 6, 2017. The extensions allow the company to wait until it knows the results of those plans, which could change the ownership of the fields.

- ERIC LIDJI

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
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