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Caelus confirms large-scale oil discovery on the North Slope of Alaska

Green Car Congress

Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. We’re proof that the credit programs work.

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Repsol, Armstrong Energy make largest US onshore oil discovery in 30 years; 1.2B barrels in Alaska

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billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirmed the Nanushuk play as a significant emerging play. of net oil pay in several reservoir zones in the Nanushuk section. billion barrels.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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