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Buccaneer Energy begins drilling Cosmo well

...Sunday, the Peninsula Clarion reported. The area off the Kenai Peninsula is known for its shallow gas reserves and deeper oil prospects.Buccaneer says it plans to drill the rig to a depth of 8,000 feet. Oil core samples will be taken to better...
Alaska Editorial: Deal between Cook Inlet producers should set example

...Buccaneer can drill deep for oil in ConocoPhillips' North Cook Inlet Unit, which is known for its shallow gas, but has deeper oil as discovered, but not produced, by ARCO.For ConocoPhillips the deal is an opportunity to make some money with no...
High bids total more than $11M in Cook Inlet sale

...The number jumped to 110 this year. "It's potentially a rejuvenation, a Renaissance, for the Cook Inlet, not only deep oil targets but shallow gas plays on the way down," Baron said. Apache Alaska Corp. was the main bidder, submitting 91...
USGS revises upward its estimate of natural gas reserves in Cook Inlet

...would focus on oil and believed that the region is underexplored for oil. State Division of Oil and Gas Director Bill Barron said the enthusiastic bidding was a potential rejuvenation for Cook Inlet for both deep oil targets and shallow gas.
My Turn: Oil a wild card in city's future

...why some people insist on being optimistic: Technology for drilling better isn't in the works, we've gone to the deepest oil already, no significant new fields are hot prospects, and a high price for oil is irrelevant to finding more of it...


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