Placer unit on North Slope wins approvalASRC Exploration commits to drill new exploratory well or test existing well by mid-2013; unit area contains known oil reservoir Wesley Loy For Petroleum News
Alaska’s oil and gas director has approved formation of the Placer unit on the North Slope.
Bill Barron, director of the state Division of Oil and Gas, signed the approval on Sept. 9, wrapping up a nearly eight-month application process for the unit.
The sole working interest owner in the Placer uni....
[additional news subjects in this story]
Four leases in unit Geology of the area Prior drilling found oil Work commitments
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