Conoco applies for 8th CRU expansion - May 06, 2018

Providing coverage of Alaska and northern Canada's oil and gas industryMay 2018

Vol. 23, No.18

Week of May 06, 2018

Conoco applies for 8th CRU expansion

Kristen Nelson

Petroleum News

ConocoPhillips has applied to the Alaska Department of Natural Resources and Arctic Slope Regional Corp. to add a tract containing some 412 acres to the Colville River unit. It would be the eighth expansion of the unit.

The acreage proposed for addition is jointly owned by the state and ASRC and is in the southern portion of the unit on its western edge, between existing unit acreage to the north and south.

In its application the company said adding the proposed expansion area to the unit would “expedite the development process” and revenues from that development received by both the state and ASRC.

Alaska Division of Oil and Gas records show there are currently 89 tracts and 95,405 acres in the unit, which has production from the Alpine field.

- KRISTEN NELSON

Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
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