State OKs Placer unit expansionAlaska official initially had denied request; unit owner ASRC Exploration must agree to drill new well, post performance bonds Wesley Loy For Petroleum News
Alaska Oil and Gas Director Bill Barron has conditionally approved an expansion of ASRC Exploration LLC’s Placer unit, reversing an earlier denial.
Barron approved the expansion after the state’s natural resources commissioner essentially told him he had to.
The Nov. 4 decision gives ASRC Exploratio....
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Oil discovery in 2004 ‘A fluid process’ New drilling, bonding requirements
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