Buccaneer wants to drill gas wells

Posted: Monday, January 17, 2011

KENAI — Buccaneer Alaska has plans to drill for gas near the city of Kenai.

The Peninsula Clarion says the company could drill as early as February.

Late last month, Buccaneer Alaska announced that it acquired 100-percent working interest in some 7,700 acres from multiple landowners for its Kenai Loop Project.

Buccaneer Alaska Vice President Mark Landt says the first well the company is planning to drill lies just north of the Walmart parking lot in Kenai.

Buccaneer projects roughly 50 billion cubic feet of gas potential in the area.

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