Doyon to Conduct More Seismic Testing in Nenana Basin
Doyon, Limited announced it will further accelerate its oil and gas exploration program in the Nenana basin with 2-D seismic testing in a large area north of more recent operations. The program will begin in January 2016.
This program is a follow up on a 3-D seismic program completed in late 2014 covering a portion of the central Nenana basin, and the recent announcement of new exploration drilling planned there for summer 2016.
Crews will begin mobilizing in early January 2016 for this 160-mile program, which will continue into April 2016. The effort is part of Doyon’s long-term exploration program in this 1,200-square-mile frontier basin in Interior Alaska, located west of Fairbanks and parallel to the Parks Highway, rail, electrical transmission lines and the planned natural gas pipeline route from the North Slope to Cook Inlet. Doyon’s 2012 2-D seismic program in the northern part of the basin showed positive results that encouraged the company to return to this area.
Doyon is the sole lessee of approximately 400,000 acres of State of Alaska oil and gas leases in the Nenana basin. It owns the subsurface, including oil and gas rights, to an additional 42,000 acres.
On August 13, 2015, Doyon announced it will drill a third well, Toghotthele #1, in the basin beginning summer 2016. The well will be drilled in an area where the company believes that chances of commercial success for natural gas are now as high as one in two, based on results of earlier efforts. The hydrocarbon targets in the basin continue to be both oil and natural gas.