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Cook Inlet Energy surrenders spare leases Company returns 14 un-unitized leases throughout the Cook Inlet basin; independent investors make smaller transactions Eric Lidji For Petroleum News
Cook Inlet Energy LLC surrendered 14 leases in May, according to the most recent report on leasing activity in the state published by the Alaska Department of Natural Resources.
The leases are scattered throughout the Cook Inlet region.
ADL 392219 and ADL 392220 were offshore leases between the Cook Inlet Energy-operated Redoubt unit and the Kenai Peninsula coastline near Nikiski. The leases were scheduled to expire in late April 2023. Neither had been drilled, although the Pan-American Forelands State Unit No. 1 well was drilled just outside ADL 392220.
ADL 392221 and ADL 392222 were to the west of the Redoubt unit and south of the Tiger Eye unit. Both wells were set to expire in late May 2023. Neither had been drilled.
ADL 392228, ADL 392229, ADL 392230, ADL 392231 and ADL 392232 were on the west side of Cook Inlet, west of the Trading Bay unit. They were set to expire in late April 2023, except for ADL 392232, which would have expired in late May 2023. ADL 392229 was the location of the Cherryville Corp. Middle River State unit No. 2 well.
ADL 392237, ADL 392238 and ADL 392239 were just to the north. The leases were set to expire in late May 2023. ADL 392238 was the location of Shell’s Middle River State No. 1 well. ADL 392239 was the location of ARCO’s Middle River State Unit No. 1.
ADL 392233 and ADL 392234 are along the Kenai Peninsula coastline south of Point Possession. The leases were set to expire in late May 2023. Neither had been drilled.
Toward the end of 2014, Cook Inlet Energy parent company Miller Energy Resources Ltd. decided to pursue low-risk activities at its existing developments for the time being.
Other activities Kasper Profit Sharing and the Kasper Family Partnership have separately requested the transfer of various small royalty interests (all in values less than 1 percent) at three leases at the Redoubt unit - ADL 381201, ADL 381003 and ADL 381003 - to the Kasper Family Trust. The Wheeler Retained Annuity Trust has similarly requested the transfer of small royalty interests (both in values less than 1 percent) in two leases at the Redoubt unit - ADL 378114 and ADL 374002 - to Wheeler Enterprises LLC.
Sally Selby Nesbit has requested the transfer of a royalty interest (less than 1 percent) in a lease at the Beluga River unit - ADL 17658 - to the Nesbit Family Trust.
Stellar Oil and Gas LLC has requested the transfer of small royalty interests (less than 1 percent) in lease ADL 391094 to seven individual and corporate investors.
Clyde T Boyer Jr. has requested the transfer of various royalty interests (all in values less than 1 percent) in four leases associated with the North Fork unit and one lease at the nearby Nikolaevsk unit to Clyde T Boyer Jr. and Vivian C. Finlay.
Peter Michael Foley and Melissa McCarty Foley have requested the transfer of a 0.05 percent royalty interest in six Kitchen Lights unit leases to Shawn Bartholomae, who in turn requested a transfer of the same interest in the same leases to Dr. David Bailey.
Also in May, the state assigned a Beaufort Sea lease to Hilcorp Alaska LLC.
—A copyrighted oil and gas lease map from Mapmakers Alaska was a research tool used in preparing this story.
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