State lease activity minor in March
The Alaska Department of Natural Resources conducted limited lease activity in March.
• The Glacier subsidiary Savant Alaska LLC relinquished lease ADL 392604. The lease was part of a cluster on the eastern North Slope, along the Canning River, associated with the Yukon Gold prospect. The lease was set to expire at the end of November 2022.
• Earlier this year, Savant relinquished ADL 392098, which was also part of the cluster.
• The state terminated two North Slope leases - ADL 392540 and ADL 392541 - operated by Accumulate Energy Inc. for failure to pay rent, but re-instated the leases five days later. The two leases sit just west of the trans-Alaska oil pipeline and just south of the Franklin Bluffs pad where the company has been conducting its Icewine program.
• NordAq Energy Inc. relinquished five Cook Inlet leases - ADL 391597, ADL 392645, ADL 392646, ADL 392647 and ADL 392651. The leases were located off the coast of Nikiski, near the East Foreland Production Facility. One lease was set to expire at the end of February 2018 and the other four at the end of February 2025. NordAq retained one lease in the cluster - ADL 391838 - scheduled to expire at the end of August 2019.
• The state rejected requests from A. Lawrence Berry to transfer 7.875 percent working interests in 37 leases at the Kitchen Lights unit to the Allen Lawrence Berry 2007 Trust.
• The state approved requests from Samson Offshore LLC to transfer small working and royalty interests in 15 Point Thomson unit leases to ExxonMobil Alaska Production Inc.
• The interests were all less than 1 percent.
• The state is considering requests from John W. Yule to transfer royalty interests less than 1 percent in two Cook Inlet leases - ADL 374002 and ADL 378114 - to the Yule Family 2016 Trust. The two leases are associated with the Glacier-operated Redoubt unit.
- A copyrighted oil and gas lease map from Mapmakers Alaska was a research tool used in preparing this story.
- ERIC LIDJI
|