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Vol. 30, No.31 Week of August 03, 2025
Providing coverage of Alaska and northern Canada's oil and gas industry


2nd qtr '27 Horseshoe well target to avoid $3.25 million bond loss

Kristen Nelson

Petroleum News

When the Horseshoe unit was approved in 2022, the exploration plan called for an appraisal or exploration well to be drilled before the end of the winter 2023-24 season. If the well was not drilled, the state required posting of a $3.25 million performance bond by July 1, 2024, to be forfeited if th....

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Horseshoe drilling

Recent work


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