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<blockquote data-quote="Zogman" data-source="post: 161551" data-attributes="member: 328">A North Slope oil discovery already called huge just got bigger, company says&nbsp; <ul>
<li data-xf-list-type="ul">&nbsp; Author: <a href="https://www.adn.com/author/alex-demarban/" target="_blank">Alex DeMarban</a> </li>
</ul>&nbsp;&nbsp;A Spanish oil company working with a small explorer in Alaska announced Thursday what <a href="https://s3.amazonaws.com/arc-wordpress-client-uploads/adn/wp-content/uploads/2017/03/09000803/Alaska_EN.pdf" target="_blank">it's calling </a>the largest onshore U.S. oil discovery in three decades.&nbsp;&nbsp;&nbsp; &nbsp; The discovery is near the northeastern edge of the National Petroleum Reserve-Alaska on leased state land.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Repsol, a minority partner in a deal with Denver-based Armstrong Oil&nbsp; and Gas, announced that two wildcat wells drilled this winter at a&nbsp; prospect known as Horseshoe discovered bands of light oil, a find that&nbsp; extends the already huge Nanushuk play by an additional 20 miles to the&nbsp; south.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Nanushuk is in the Pikka Unit, a chunk of leases held primarily by&nbsp; Armstrong to the north and east of the village of Nuiqsut. The&nbsp; prospect is believed to continue to the south of the village.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &quot;Repsol and partner Armstrong Energy have made in Alaska the largest&nbsp; U.S. onshore conventional hydrocarbons discovery in 30 years,&quot; Repsol&nbsp; said. &quot;The <a href="https://www.adn.com/business-economy/energy/2016/10/19/armstrong-oil-targets-winter-wildcat-well-possibly-linked-to-large-discovery/" target="_blank">Horseshoe-1 and 1A wells drilled</a> during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska's North Slope.&quot;&nbsp;&nbsp;Because exploration drilling at Horseshoe has taken place only&nbsp; recently, it is extremely unlikely that estimates associated with the&nbsp; wells have been independently confirmed by a third-party company, said&nbsp; David Houseknecht, a geologist with the U.S. Geological Survey's Energy&nbsp; Resources Program for Alaska.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; In late 2015, the companies announced the Nanushuk discovery as a major&nbsp; new opportunity in Alaska, after a third-party engineering firm,&nbsp; DeGolyer and MacNaughton, <a href="https://www.adn.com/energy/article/armstrong-repsol-announce-deal-shifting-ownership-shares-colville-project/2015/10/13/" target="_blank">calculated &quot;contingent&quot; oil reserves </a>to&nbsp; range between 497 million barrels and 3.76 billion barrels. The&nbsp; companies have said the discovery could produce at least 120,000 barrels&nbsp; of oil daily, potentially providing a much-needed production boost to&nbsp; Alaska's dwindling oil economy.Complete story click on the link<a href="https://www.adn.com/business-economy/energy/2017/03/09/a-north-slope-oil-discovery-already-described-as-huge-just-got-a-lot-bigger/" target="_blank">https://www.adn.com/business-economy/energy/2017/03/09/a-north-slope-oil-discovery-already-described-as-huge-just-got-a-lot-bigger/</a></blockquote>

[QUOTE="Zogman, post: 161551, member: 328"] [B]A North Slope oil discovery already called huge just got bigger, company says[/B] [LIST] [*] Author: [URL="https://www.adn.com/author/alex-demarban/"]Alex DeMarban[/URL] [/LIST] A Spanish oil company working with a small explorer in Alaska announced Thursday what [URL="https://s3.amazonaws.com/arc-wordpress-client-uploads/adn/wp-content/uploads/2017/03/09000803/Alaska_EN.pdf"]it's calling [/URL]the largest onshore U.S. oil discovery in three decades. The discovery is near the northeastern edge of the National Petroleum Reserve-Alaska on leased state land. Repsol, a minority partner in a deal with Denver-based Armstrong Oil and Gas, announced that two wildcat wells drilled this winter at a prospect known as Horseshoe discovered bands of light oil, a find that extends the already huge Nanushuk play by an additional 20 miles to the south. Nanushuk is in the Pikka Unit, a chunk of leases held primarily by Armstrong to the north and east of the village of Nuiqsut. The prospect is believed to continue to the south of the village. "Repsol and partner Armstrong Energy have made in Alaska the largest U.S. onshore conventional hydrocarbons discovery in 30 years," Repsol said. "The [URL="https://www.adn.com/business-economy/energy/2016/10/19/armstrong-oil-targets-winter-wildcat-well-possibly-linked-to-large-discovery/"]Horseshoe-1 and 1A wells drilled[/URL] during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska's North Slope." Because exploration drilling at Horseshoe has taken place only recently, it is extremely unlikely that estimates associated with the wells have been independently confirmed by a third-party company, said David Houseknecht, a geologist with the U.S. Geological Survey's Energy Resources Program for Alaska. In late 2015, the companies announced the Nanushuk discovery as a major new opportunity in Alaska, after a third-party engineering firm, DeGolyer and MacNaughton, [URL="https://www.adn.com/energy/article/armstrong-repsol-announce-deal-shifting-ownership-shares-colville-project/2015/10/13/"]calculated "contingent" oil reserves [/URL]to range between 497 million barrels and 3.76 billion barrels. The companies have said the discovery could produce at least 120,000 barrels of oil daily, potentially providing a much-needed production boost to Alaska's dwindling oil economy. [B]Complete story click on the link[/B] [URL]https://www.adn.com/business-economy/energy/2017/03/09/a-north-slope-oil-discovery-already-described-as-huge-just-got-a-lot-bigger/[/URL] [/QUOTE]

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