Ramshorn transfers interests to Nabors

The Alaska Department of Natural Resources has approved a request from Ramshorn Investments Inc. to transfer small working and royalty interests in 37 leases across its entire North Slope and Beaufort Sea position to Nabors Drilling Technologies USA Inc.

The transfers include a range of working interests between 3.75 percent and 6.0786 percent and a range of royalty interests between 2.93751 percent and 4.96666 percent.

The deal includes six leases at the Brooks Range Petroleum Corp.-operated Beechey Point unit, five leases at the Brooks Range Petroleum Corp.-operated Southern Miluveach unit, two leases at the Savant Alaska LLC-operated Badami unit and 24 additional un-unitized leases on the North Slope and in the Beaufort Sea leasing regions.

The state approved the transfers on July 13, retroactive to July 1.

Ramshorn Investments is a subsidiary of Nabors. The company was an early partner in a wide range of exploration activities operated by Brooks Range Petroleum Corp. and continues to hold an interest in some properties operated by the Brooks Range Petroleum.

Also in July, the state received 72 assignments from six parties that are transferring overriding royalty interests at six leases - ADL 389927, ADL 389928, ADL 389929, ADL 38993, ADL 390374 and ADL 390381. The six parties are James S. Watt, Proak LLC, William Allen Huckabay, Stellar Oil & Gas LLC, Vijinder K. Bangia and Mark R. Landt. Each of the 72 transfers of overriding royalty interests is less than 1 percent.

- ERIC LIDJI

—A copyrighted oil and gas lease map from Mapmakers Alaska was a research tool used in preparing this story.