Caelus Energy, LLC, is a privately held independent exploration and production company that currently operates the Oooguruk field on the North Slope of Alaska. We specialize in exploration, development, and production of oil and gas. The company is currently focused on the pursuit, identification, and development of strategic opportunities across Alaska, and beyond. Caelus prides itself on its agility, state-of-the-art strategies and a unique approach to exploration and project development.
Headquartered in Dallas, with an office and operations in Alaska, the team at Caelus has earned a reputation of integrity and innovation, and is a leader in developing world-class operations.
Formed in 2011 by President and CEO Jim Musselman, Caelus Energy has deep roots in the oil and gas industry. Collectively, the team boasts an extensive resume of world-class exploration ventures and award-winning developments – both publicly and privately financed. The team’s past successes include the turnaround and sale of Triton Energy, the formation and IPO of Kosmos Energy, and the development of the Oooguruk field. Learn more by selecting an icon below.
The leadership and governance guiding Caelus is rooted in years of real-world experience, and a proven track record of success. Today, Caelus has assembled a seasoned technical, managerial, and financial team with domestic and international expertise in discovering and delivering significant oil and gas reserves. True pioneers of the oil and gas industry, the members of our company bring a steadfast focus to every facet of the business. Whether it’s Latin America, Asia, the West Coast of Africa or the North Slope of Alaska, our team consistently translates their vision into tangible results.
Caelus’ mission is to be a premier independent oil and gas exploration and production company in Alaska. We take our job seriously and operate with honesty, integrity, and in an environmentally responsible manner. We hold ourselves to the highest of standards and strive to be a leader in our industry. Caelus prides itself as being a good corporate citizen and a great employer.
At Caelus, we approach our business with the company’s mission and core values at the heart of every decision we make. These values include:
Caelus has announced a major discovery at Smith Bay, located about 150 miles west of Prudhoe Bay. Caelus estimates the prospect contains 6-10 billion barrels of oil in place, which would make it about the size of the Kuparuk River field. Caelus plans to drill an additional appraisal well and acquire additional 3-D seismic.
In addition, we have sanctioned the onshore Nuna oil development adjacent to Oooguruk and have acquired 350,000 acres of North Slope leases where we conducted two substantial 3-D seismic programs.