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State North Slope lease bids quadruple results from 2013

The State of Alaska received significant interest in North Slope oil and gas leases during its 2014 lease sale. A total of 356 bids were submitted for 298 tracts, including 297 for the North Slope onshore leases, 57 for the Beaufort Sea and 2 for the North Slope foothills. High bids totaled $59.7 million, […]

Oil lease sale on Alaska’s North Slope draws big money

Oil companies spent big money Wednesday for rights to explore the Colville River Delta and other state territory, making this year’s North Slope auction the richest Alaska state lease sale in 21 years. Led by the most aggressive bidders — privately held Caelus Energy and 70 & 148 LLC — companies and investors submitted […]

The Producers 2014: Caelus seeks to expand pioneering Oooguruk field

Caelus Energy LLC is part of a new trend in Alaska oil and gas development. Traditionally, new entrants to the state would acquire acreage in lease sales, shoot a seismic campaign, drill exploration wells, sanction development, incrementally expand into satellites and eventually conduct a series of enhanced recovery programs. Read the full story here

Fact Sheets

The world economy has been developing with oil as its lifeblood for over a hundred of year. Oil is directly responsible for 2.5% of world GDP. Oil and gas powers 100% of all transportation facilities, and is heavily involved in every type of economic activity.

With commercial viability undetermined, Caelus moving ahead with Nuna plans

Work will proceed on Caelus Energy Alaska’s Nuna project in anticipation of project sanction, according to the company’s latest plan of development for the Oooguruk field, offshore the North Slope. The plan, which covers the period Aug. 31 to Aug. 30, 2015, and was filed with Alaska’s Division of Oil and Gas on June […]

Explorers 2014: Caelus Energy takes over Pioneer assets in Alaska

As its name implies, Pioneer Natural Resources Inc. has led trends. The Texas-based independent arrived in Alaska in the early 2000s determined to bring a leaner and more agile approach to resource development in the Arctic. The mid-sized company had recently accomplished as much in the U.S. Gulf of Mexico and saw an opportunity […]

Pioneer Natural Resources Announces Sale of Alaska Subsidiary to Caelus Energy Alaska for $550 Million

Dallas, Texas, October 25, 2013 – Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Company has entered into a purchase and sale agreement with Caelus Energy Alaska LLC to sell 100% of the equity in Pioneer’s subsidiary, Pioneer Natural Resources Alaska, Inc., for cash proceeds of $550 million, subject to […]