Caelus confirms large-scale oil discovery on the North Slope of Alaska
Green Car Congress
OCTOBER 8, 2016
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. This discovery could be really exciting for the State of Alaska. Without the state tax credit programs, none of this would’ve happened, and I’m not sure Caelus would’ve come to explore in Alaska.