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State approves lease deals in February Assignments cover leases at Oooguruk, Nikaitchuq, Southern Miluveach, Point Thomson and other regions across the state Eric Lidji For Petroleum News
The state approved and announced several lease-related deals in February.
Stuart W. Gustafson requested to transfer a small royalty interest — all in values of less than one-tenth of 1 percent — in 34 leases in the Pioneer Natural Resources-operated Oooguruk unit, the Eni Petroleum-operated Nikaitchuq unit and the Brooks Range Petroleum Corp-operated Southern Miluveach unit to the Maeco Family Trust.
The Armstrong Resources subsidiary 70 & 148 LLC transferred 11 North Slope leases outright to Repsol E&P USA Inc, and transferred a 70 percent working interest and a royalty interest between 58.33 and 61.25 percent royalty interest in 11 other North Slope leases to Repsol. The two companies are partnering on North Slope exploration work.
And Pioneer Natural Resources transferred 100 percent working interest and an 83.33 percent royalty interest in ADL 391459 to 70 & 148 LLC. The lease is adjacent to the southwest corner of the Oooguruk unit and contiguous with a block of 70 & 148 leases.
Finally, the state issued six Beaufort Sea leases to investor Daniel K. Donkel.
Shuffles at Point Thomson At the Point Thomson unit, several small investors transferred interests in two leases.
At ADL 47560, the Estate of Mary Lou Holbrook transferred a 0.757318 percent working interest and a 0.6475068 royalty interest to the Eastland Oil Co. but retained a 0.0515464 percent overriding royalty interest; the George A. Donnelly III 1991 Irrevocable Trust transferred a 0.504878 percent working interest and a 0.4417682 royalty interest to G. Arthur Donnelly III; and Peggy D. McConnell transferred a 1.514635 percent working interest and a 1.3253056 percent royalty interest to Eastland Properties and Minerals.
At ADL 51667, the Estate of Mary Lou Holbrook requested to transfer a 0.05154 percent royalty interest to the Eastland Oil Co; the George A. Donnelly III 1991 Irrevocable Trust requested to transfer a 0.035061 percent royalty interest to G. Arthur Donnelly III; and Peggy D. McConnell requested to transfer a 0.105183 percent royalty interest to Eastland Properties and Minerals.
Cook Inlet dealmaking In Cook Inlet, NordAq transferred royalty interests in three leases to four investors.
At ADL 391838, NordAq transferred a 2 percent royalty interest to Tekram LLC and a 1 percent royalty interest each to Hugh North, Tramlaw LLC and Robert Warthen. The lease is located just north of Port Nikiski.
At ADL 391596 NordAq transferred a 1 percent royalty interest each to Hugh North, Robert Warthen, Tekram LLC and Tramlaw LLC. The lease is adjacent to the northwest corner of the NordAq-operated Shadura unit.
At ADL 391278, NordAq transferred a 1 percent royalty interest each to Hugh North, Robert Warthen, Tekram LLC and Tramlaw LLC. The lease is in the southern Kenai Peninsula, northeast of the Hilcorp-operated Nikolaevsk unit.
Additionally, at ADL 391057, John Kidd transferred a 3 percent royalty interest to Tekram LLC and a 1 percent royalty interest to NordAq Energy Inc; and Paul L. Devine transferred a 1 percent royalty interest to Tramlaw LLC. NordAq operates the lease, located just north of Nikiski, adjacent to ADL 391838.
Also in Cook Inlet, the WTF Distribution Trust transferred a 2.5 percent working interest and a royalty interest between 1.875 and 2.1875 percent in 37 leases at the Kitchen Lights unit to Cornucopia Oil & Gas LLC.
—A copyrighted oil and gas lease map from Mapmakers Alaska was a research tool used in preparing this story.
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