Native corporation: Exploration shows promising reserves

Feb 09, 2013 -- 3:00pm

 

- FAIRBANKS, Alaska (AP) - A Fairbanks-based Alaska Native corporation is in the process of extending a road in the Nenana Basin to reach a planned drill site they hope taps into promising natural gas reserves. The Fairbanks Daily News-Miner reports the well will be drilled on state land and named Nunivak No. 2.
Doyon Exploration crews will drill down about 12,000 feet in search of natural gas. Drilling is expected to begin in mid-June. An earlier well, Nunivak No. 1, tapped a 3,000-acre area and the results showed an "active petroleum system" in the area, although not enough to make a development project economically viable in the immediate vicinity. It has since been plugged and abandoned. The Nenana Basin is estimated to hold 1 trillion to 6 trillion cubic feet of natural gas.

 

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