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.
A TRACK RECORD OF SUCCESSFUL, INNOVATIVE DEVELOPMENT
The leadership and governance guiding Caelus is rooted in years of real-world experience and a proven track record of success. Jim Musselman has a strong history of creating successful, responsible development projects on several continents, all of which are still producing.
Contact Jim Musselman, President and CEO
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 comprises proven oil finders and operators with the proven expertise and resources to responsibly bring new fields online in record time. With our world-class technical, financial, and operational talent, we create long-term value by finding and developing quality assets. And as exploration and development conditions and locations become more demanding, our technology and innovation has been demonstrated to be up to the task.Since 2008 Oooguruk has produced over 25 million barrels of oil, utilizing new enhancement techniques.
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.