Caelus hopes to extract millions of barrels of oil through North Slope fracking

State officials hope North Slope newcomer Caelus Energy Alaska can crack the code on a tricky oil prospect along the Arctic Ocean and lay the groundwork for similar opportunities scattered across the region.

Success at the Nuna field west of Prudhoe Bay, where Caelus will employ fracking techniques developed in the Lower 48 shale boom, could have widespread benefits if lessons learned can be applied to other fields with oil trapped in “tight” rock with little porosity, state officials said.

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