|
|
Article: United States: Doyon, partners form deal for Nenana natural gas well.
- Article from:
- TendersInfo
- Article date:
- November 29, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: manish03
With a new partner, favorable tax terms and an extended state exploration license, a group of businesses is looking for natural gas in the Nenana basin after a three-year hiatus in its exploration venture. Denver-based Babcock & Brown Energy is joining Doyon Ltd., Arctic Slope Regional Corp. and Usibelli Energy to "drill at least one vertical, 10,500-foot natural gas exploration well in the Nenana basin" next summer, said Doyon, the Fairbanks-based regional Native corporation.
The well will be on Alaska Mental Health Trust land about four miles west of Nenana and about 50 highway miles southwest of Fairbanks, said Jim Mery, senior vice ...