2020 - Glacier Oil & Gas - Alaska North Slope Divestiture

Overview
Opportunity to acquire a turn-key, operated, cash flow positive asset on the North Slope of Alaska with significant exploration and exploitation potential from highly prolific stacked pay reservoirs
- 100% operated
Gross production of ~2,000 bo/d primarily from the Badami & Killian sands
- 100% oil with premium Alaska North Slope (“ANS”) oil pricing
Hilcorp/BP retention of ARO and select plugging obligations limits buyer exposure
Low risk, quantified upside development including stacked pay horizontal development of the Badami and Killian sands
- Killian sands primed for development following the B1-07 playopener
– Has produced over 700 mbo since 2018 & currently making 1,250 bo/d
- 75 mi seismic survey covers entire block and confirms subsurface model
Existing Glacier-owned, BP-constructed infrastructure supports full field development and optionality for third party revenue / volumes
- 38,500 bo/d facility with capacity for additional volumes on or offset the unit
- Multiple access points via barge landing and 5,500 ft airstrip
- 70 mbo/d capacity Nutaaq oil pipeline owned and operated by Glacier (12” diameter, 25 mile) that connects Point Thompson to Endicott
VDR available with PHDWin model and LOS
Contact Sandra Ramsey at [email protected] or 281-979-0374 for a Confidentiality Agreement (linked below) or access to the VDR