...Cosmopolitan is owned by Buccaneer and Bluecrest Energy, a partner, and is a known oil deposit with a shallower natural gas reservoir. The initial well will be to test the shallow gas deposit to determine if it can be commercially produced.

...TransCanada, would develop and operate the facility, which would be located in a mostly depleted gas field. Several gas reservoirs are being considered, but the Cannery Loop field near Kenai is the leading candidate, said TransCanada spokesman...

ANCHORAGE (AP) -- Marathon Oil Co. said it is encouraged by the results of tests at a new natural gas reservoir on the Kenai Peninsula. Marathon and its partner Unocal Corp. hope to begin selling the gas in 2004. The companies said in January...

...Southcentral Alaska gas producers Chevron Corp. and Marathon Oil Co. now have some capacity for gas storage in depleted gas reservoirs, but utilities may want to have their own storage, Heinze said. The co-op could also assist utilities in negotiating...