AOGCC reduces AIX bonding from $1.6 million to $200,000
Kristen Nelson Petroleum News
The Alaska Oil and Gas Conservation Commission has issued its first ruling on a bond reconsideration request, reducing the bonding required for four AIX Energy wells at the Kenai Loop field from $1.6 million to $200,000.
The commission had increased AIX’s bonding from $200,000 (the old requirement....
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Bonding increase Original proposal different Former operator issue
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