Three independent oil and gas companies acquire rights to new Cook Inlet offshore tracts in state lease sale held Wednesday

-

Three small independent petroleum companies submitted bids in Wednesday’s Cook Inlet state lease sale, winning rights on eight oil and gas tracts covering 21,268 acres.

The state received $451,495 in bonus bids offered by Furie Operating Alaska, LLC; HEX LLC; and Strong Energy Resources LLC. 

Furie is the operator of the Kitchen Lights unit in northern Cook Inlet and is a current natural gas producer. Acreage acquired by the company is near leases currently held and that are producing gas.

Hex recently acquired majority working interest in Furie and bid separately in the sale on other prospects, including onshore Kenai Peninsula tracts. Strong Energy is new entrant in the Cook Inlet

→ Continue reading at Anchorage Press

Share this article

Recent Articles