Alaska: Miller developing Susitna basin work program

By OGJ editors

Miller Energy Resources Inc., Knoxville, Tenn., said it is developing a work program for the Susitna basin north of Anchorage in south-central Alaska, where it has acquired a third license.

The 45,764-acre exploration license is south of the company’s two existing tracts and brings the total holding to nearly 700,000 acres of state lands in Susitna and the Cook Inlet.

Miller’s Cook Inlet Energy LLC subsidiary was issued the new 5-year Susitna license. The company believes the basin to be prospective, especially for natural gas.

The work commitment requires the performance of exploratory work with qualifying direct expenditures totaling a minimum of $250,000. On timely completion, the subsidiary will have the option to convert any or all of the remaining license acreage to oil and gas leases with a 5-year term, 12.5% royalty, and $3/acre annual rentals.

As part of the license agreement, Miller incurred a one-time license fee of $1/acre and posted a $50,000 initial performance bond. An annual performance bond is required until the work commitment is fulfilled.

Related Articles

Uganda names 16 firms eligible for first licensing round


Uganda’s government has granted approval to 16 companies to bid on exploration rights for six blocks in the nation’s Albertine Graben region.

Pemex contract covers eight offshore fields

08/11/2015 Pemex Procurement International has let a 3-year blanket engineering contract to Wood Group for work related to the potential development of five d...

Frontier Campeche seismic survey begins

08/10/2015 Schlumberger has begun a multiclient seismic survey of frontier acreage of the offshore Campeche basin of Mexico using technology designed for subs...

Nelson vows to block Murkowski's stand-alone crude oil bill

08/10/2015 The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski's (R-Alas.) bill to end the ban on exporting US-produced oil. Bu...

Latest Edvard Grieg appraisal well hits oil pay

08/05/2015 Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, encountered a 66-m gross oil column in pebbly sandstone with medium-to-good res...

Energy Institute guide explains UK shale gas

08/05/2015 The Energy Institute (EI), London, has published a 20-page guide to shale gas, aiming, it says, “to bring scientific and technical accuracy to the ...

Sharma named ONGC Videsh director, exploration

08/04/2015 Sudhir Sharma has been named director, exploration, of ONGC Videsh Ltd. Most recently, Sharma served as the company’s country manager and legal rep...

BG lets contract for seismic survey offshore Honduras

08/03/2015 BG International Ltd. Sucursal Honduras has let a contract to Fugro for an integrated multibeam echosounder survey and seabed coring project offsho...

Lime Petroleum due Norwegian Sea stakes

08/03/2015 Lime Petroleum Norway AS has agreed to acquire 50% of the PL760 and PL760B licenses in the Norwegian Sea from Enquest Norge AS. Terms weren’t repor...
White Papers

Definitive Guide to Cybersecurity for the Oil & Gas Industry

In the Oil and Gas industry, there is no single adversary and no single threat to the information tech...

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by
Available Webcasts

Operating a Sustainable Oil & Gas Supply Chain in North America

When Tue, Oct 20, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.


On Demand

Leveraging technology to improve safety & reliability

Tue, Sep 22, 2015

Attend this informative webinar to learn more about how to leverage technology to meet the new OSHA standards and protect your employees from the hazards of arc flash explosions.


The Resilient Oilfield in the Internet of Things World

Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.


Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected