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DNR issues 2011 North Slope leases Issuance includes Royale Energy, Great Bear affiliate, Repsol, ConocoPhillips and others; Cosmo sale finalized in Cook Inlet Eric Lidji For Petroleum News
The Alaska Department of Natural Resources has issued the leases from its December 2011 North Slope areawide lease sale, where it earned more than $14 million.
The state issued 56 North Slope leases to Royale Energy Inc in November. The leases run through a region that the company believes is ripe for source rock development.
The state issued 32 North Slope leases to Ursa Major Holdings LLC in November. In Alaska Department of Commerce, Community and Economic Development filings, Ursa Major Holdings LLC is listed as being an affiliate of Great Bear Petroleum LLC.
The state issued 25 North Slope leases to Repsol E&P USA Inc. The leases include blocks near existing Repsol acreage in various spots across the central North Slope.
The state issued 23 North Slope leases to ConocoPhillips Alaska Inc. The leases include a block south of the Point Thomson and Badami units, on the eastern North Slope.
The state issued 11 North Slope leases to Armstrong Resources subsidiary 70 & 148 LLC. The leases stretch to the border of the National Petroleum Reserve-Alaska.
The state issued nine North Slope leases to Woodstone Resources LLC, a Houston based independent. The leases are within the White Hills region, south of existing production, and include three old exploration wells: Itkillik Unit 1, Nora Fed 1 and Susie Unit 1.
The state issued three leases to investors Daniel K. Donkel and Samuel H. Cade.
The state issued two leases to Savant Alaska LLC. The first is adjacent to three existing Savant leases on the edge of ANWR and the second is north on the ANWR border.
Finally, the state issued one lease to Pioneer Natural Resources Alaska Inc.
Arctic Falcon at Umiat Arctic Falcon Exploration LLC transferred a small royalty interest in two leases in the Umiat oil field, in foothills of the Brooks Range, to numerous independent investors.
ADL 390720 and ADL 390884 are irregularly shaped leases along the Colville River at Umiat. The two leases are operated by Renaissance Umiat LLC, a Houston-based independent purchased last year by the Australian independent Linc Energy Inc.
Linc is planning a four to six well exploration program at Umiat this winter.
For ADL 390720, the independent transferred a 0.25563 percent royalty interest to Jane R. Crouch, a 5.625 percent royalty interest to Wooly Mammoth Royalties LLC, a 0.625 percent royalty interest to John T. Nydegger, a 0.36937 percent royalty interest to Kathryn D. Ray, a 0.36938 royalty interest to Robert R. Ray and a 0.25562 percent royalty interest to Marshall C. Crouch III. For ADL 390884, Arctic Falcon transferred a 5.625 percent royalty interest to Wooly Mammoth Royalties LLC, three 0.625 percent royalty interests to John T. Nydegger, Kathryn D. Ray and Robert R. Ray, respectively.
Also on the North Slope, Samson Resources Co. transferred interests in two Point Thomson unit leases to Samson Offshore LLC, retroactive to July 2012. The deals were a 0.5315773 working interest and a 0.2051632 percent royalty interest in ADL 47567, and a 0.5315773 working interest and a 0.21513 percent royalty interest in ADL 47562.
Cosmo and Cook Inlet As part of its sale of the Cosmopolitan prospect, Pioneer Natural Resources Alaska Inc. transferred its ownership in two offshore leases ADL 384403 and ADL 18790 to partners Buccaneer Cosmopolitan LLC, a subsidiary of the active Australian independent Buccaneer Energy Ltd., and the Fort Worth based independent Bluecrest Energy Inc.
Although Buccaneer is operating the prospect, Bluecrest is the majority stakeholder in the two leases. For ADL 384403, Pioneer transferred a 75 percent working interest and a 60.42188 percent royalty interest to Bluecrest, and a 25 percent working interest and a 20.14063 percent royalty interest to Buccaneer. For ADL 18790, Pioneer transferred a 75 percent working interest and a 59.26407 percent royalty interest to Bluecrest, and a 25 percent working interest and a 19.75469 percent royalty interest to Buccaneer.
The transfer is retroactive to September 2012.
Additionally, John M. Martineck transferred 100 percent working interest and 85.25 percent royalty interest in ADL 391900 to Buccaneer Cosmopolitan, and Buccaneer Cosmopolitan transferred a 2.25 percent royalty interest in ADL 391900 to Kenneth W. Sanders. ADL 391900 is a small offshore lease off Anchor Point, separated from the two primary Cosmopolitan prospect leases by a block of three Apache Corp. leases.
Also in Cook Inlet, Pacific Energy Alaska Operating LLC transferred various interests in 12 Trading Bay unit leases to Hilcorp Alaska LLC. The values range from 46.8 and 50 percent working interests and 38.61 and 41.25 percent royalty interests.
And Renaissance Alaska LLC transferred a 1 percent royalty interest in one Northwest Cook Inlet unit lease — ADL 391270 — to an affiliated company Stellar 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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