Hilcorp assignment approved by DNR for oil and gas storage lease

Kay Cashman

Petroleum News

On Sept. 22 the Alaska Department of Natural Resources' Division of Oil and Gas approved an assignment application from Hilcorp Alaska for oil and gas storage lease ADL 390821.

The assignor was Hilcorp Alaska and the assignee was Hilcorp Alaska Gas Storage.

On Feb. 25, the Division of Oil and Gas

received the assignment application for the oil and gas storage lease, transferring 100% working interest (WI) from Hilcorp Alaska to Hilcorp Alaska Gas Storage, or HAK Gas.

Any party holding an interest in the assigned lease may be required to enter into a financial assurances agreement in the future to ensure dismantlement, removal, and restoration obligations can

be met.

The division approved the application with an effective date of March 1, 2025.

The agency will place one original copy of the assignment in the lease case file and will return one original copy to both the assignor and the assignee.

An eligible person affected by this decision may appeal it, in accordance with 11 AAC 02. Any appeal must be received within 20 calendar days after the date of "issuance" of this decision, as defined in 11 AAC 02.040 (c) and (d), and may be mailed or delivered to Commissioner, Department of Natural Resources, 550 West 7th Ave., Suite 1400, Anchorage, Alaska 99501;

faxed to (907) 269-8918; or sent by electronic mail to [email protected].

An eligible person must first appeal this decision in accordance with 11 AAC 02

before appealing it to the Superior Court.

-PETROLEUM NEWS