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State issues Beaufort Sea leases
Eric Lidji For Petroleum News
The State of Alaska has issued leases from its December 2011 Beaufort Sea sale.
The sale yielded 54 leases for eight companies.
Shell Offshore Inc. picked up 18 leases — ADL 392164 through ADL 392181 — in Harrison Bay. The Cook Inlet explorer NordAq Energy Inc. picked up 11 leases — ADL 392182 through ADL 392192 — in Smith Bay off the National Petroleum Reserve-Alaska. Repsol E&P USA Inc. picked up five leases — ADL 392159 through ADL 392163 — adjacent to a block of leases it already held north of the Colville River unit.
Pioneer Natural Resources Alaska Inc. picked up two leases — ADL 392157 and ADL 392158 — at its near shore Oooguruk unit in Harrison Bay. AVCG LLC picked up one lease — ADL 392146 — adjacent to its Beechey Point unit north of Prudhoe Bay.
Dan Donkel picked up 13 leases — ADL 392115, ADL 392116, ADL 392119, ADL 392123, ADL 392127, ADL 392128, ADL 392132 through ADL 392134, ADL 392136, ADL 392140, ADL 392145 and ADL 392148 — from north of the Arctic National Wildlife Refuge on the east to Simpson Lagoon north of Milne Point. Samuel Cade picked up lease ADL 392152 adjacent to the Northstar unit. Andrew Bachner picked up three leases — ADL 392117, ADL 392118 and ADL 392120 — north of ANWR.
Other leasing news The Jan Donnelly O’Neill 1991 Irrevocable Trust transferred a 0.035061 percent royalty interest in ADL 51667 in the Point Thomson unit to Jan D. O’Neill. The Robert R. Donnelly 1991 Irrevocable Trust transferred an identical interest in the same lease to Robert R. Donnelly. The Jan Donnelly O’Neill 1991 Irrevocable Trust transferred a 0.504878 percent working interest and a 0.4417682 percent royalty interest in ADL 47560 in the Point Thomson unit to Jan D. O’Neill. The Robert R. Donnelly 1991 Irrevocable Trust transferred identical interests in the same lease to Robert R. Donnelly.
In the Cook Inlet basin, Polaris Fund LP transferred small royalty interests in two leases at the West McArthur River unit to four investors. Through the transaction, Polaris transferred a 0.04166 royalty interest in both ADL 359111 and ADL 359112 to The Timothy Draper Living Trust; a 0.04167 royalty interest in both leases to James Lynch; a 0.04167 royalty interest in both leases to James Yarmon; and 0.125 percent royalty interest in both leases to the Alaska Industrial Development and Export Authority.
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