Alaskan Crude to reenter, test well

The Alaska Oil and Gas Conservation Commission has approved a spacing exception that will allow independent Alaskan Crude Corp. to re-enter and test the Moose Point Unit No. 1 exploratory gas well.

Ddrilled by Amarex Inc. in the late 1970s, the well is 25 miles northeast of Kenai, Alaska, north of Unocal’s Birch Hill gas field. It is on a 4,800 acre lease that straddles the gas field’s shoreline. Richard E. Wagner of Fairbanks paid $5.01 an acre for the lease in the 2001 Cook Inlet areawide lease sale. The contact name on the paperwork filed with the state is Jim White.

Amarex drilled the Moose Point well to a total depth of 10,058 feet. It was logged and drill stem tests were run before it was suspended in March 1978 and plugged and abandoned a year later.

Because the well falls within 1,500 feet of a property line Alaskan Crude had to apply for a spacing exception before it re-entered it.