Glacier Oil & Gas - 2020 Alaska North Slope Divestiture


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 or 281-979-0374 for a Confidentiality Agreement (linked below) or access to the VDR