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AIDEA approves $30 million deal for Cosmo development

...2001 and 2003 ConocoPhillips, which had purchased ARCO's Alaska assets, drilled exploration wells to confirm the oil discovery and also conducted production tests.Dallas-based independent Pioneer Natural Resources acquired the leases from...
Les Palmer: 50 years in Alaska

...much wider than the airplane. You stay in a lodge built on the ruins of a ghost town, the site of Alaska's first oil discovery. To reach the best fishing holes, you run upstream several miles in an outboard-powered skiff. Due to the Katalla's...
Buccaneer sells holdings in Cosmopolitan, Cook Inlet jack-up rig

...made a natural gas discovery. Pioneer Natural Resources, which previously owned the asset, had also confirmed an oil discovery at deeper reservoir intervals, and Buccaneer's plan was to follow up on tests of the deeper oil formations.BlueCrest...
Oil flows from CIE well

...19.Sword No. 1 is the first of two wells planned in the structure near the West McArthur River Field. Since the oil discovery, CIE has moved the drilling rig used for Sword No. 1 30 feet to drill its WMRU-8 development well. CIE plans to...
Hilcorp has aggressive goals for Inlet production

...Swanson River field to rehabilitate old wells. Swanson River was discovered in 1957 and was Alaska's first commercial oil discovery. Hilcorp specializes in purchasing mature producing properties from major companies, investing in redevelopment and...
Buccaneer board splits over Cook Inlet work potential gas, which is both offshore and onshore.The leases Buccaneer is exploring in Cook Inlet are known oil discoveries that can be evaluated for development with the Endeavour jack-up rig.At this point it may be difficult for Buccaneer...
Oil producers talk scenarios

...high costs and the probability of only modest-sized oil discoveries, which combined with the high state tax rate effectively...2009 the average size of new commercially viable new oil discoveries in Alaska was about 80 million barrels. In Venezuela...
Peninsula Reflections

...Hershberger Early homesteader Nina Robinson remembers the 1957 oil discovery in the Swanson River oil field. "Life was never the...on to Anchorage crossing beneath Turnagain Arm. The oil discovery doubtless sped Alaska's path to statehood. Becoming...
Will our oil pipeline ever be at full capacity?

...Research the subject of the Bakken oil discovery in North and South Dakota, Montana...Southern Canada. The Largest oil discovery in American history. You will...Alaska can't compete with this oil discovery. Why would a oil corporation...
Inlet lease sale set for Wednesday

...second well this fall.The state is also offering acreage in the June 22 lease sale that is adjacent to a confirmed oil discovery at Cosmopolitan, an offshore prospect in Cook Inlet. Pioneer Natural Resources recently relinquished acreage at the...


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