State approves UltraStar’s Dewline unitOne exploratory well drilled over winter, but Weeks won’t reveal the results or cost; second well to be drilled by May 2013 By Wesley Loy For Petroleum News
Alaska regulators have approved formation of UltraStar Exploration LLC’s Dewline unit on the North Slope.
The five-year unit agreement is important because it will extend the three state leases comprising the unit beyond their fast approaching expiration dates.
Now tiny Anchorage-based UltraStar....
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One well drilled this winter
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