This editorial first appeared in the Peninsula Clarion:
Those who watch the Cook Inlet’s oil and gas patch had reason to celebrate on Monday (May 6) as details of a deal between Buccaneer and ConocoPhillips emerged that will not only benefit those companies, but also the community at large.
Per the deal, Buccaneer can drill deep for oil in ConocoPhillips’ North Cook Inlet Unit, which is known for its shallow gas, but has deeper oil as discovered, but not produced, by ARCO.