Exploring for oil is never a business for the faint-hearted, particularly when oil prices are at $50 per barrel combined with the risk of ever changing tax policies. It takes a stout heart and plenty of nerve.
Jim Musselman and his team aren’t new, by any means, to exploration and development, and they’re making moves in Alaska.
Caelus Energy, a Dallas-based small independent where Musselman is CEO, has big plans on the North Slope, and Musselman has a big track record. He led the discovery and development of the giant Jubilee field offshore of Ghana when he headed Kosmos Energy, and he believes big discoveries, similar to Jubilee, can still be made on the Slope.