Published: Saturday, Nov. 30 2013 12:00 a.m. MST
ANWR is a great possibility. But you are going to be able to proceed in that
plat so fast. And the problem is environmental… not the tree hugging
type…. but that the land there is very fragile - physically. You can not
use the heaviest of equipment in some of the locations because in the summer
months, the ground thaws and will not support the weight. The
window to get the equipment into place, and do your exploration is very tight.
Exxon tried to get a rig into place last year, but missed the window and had to
yank it back out before any damage was done to equipment or land. It
can be done…. and likely will be done…. but don't expect
anything to move fast… or be enough to impact prices in the short term.
There are far easier and more accessible reserves in the lower 48 that are
simply protected right now. Both coast have huge untapped potential - but Deep
Sea Horizon set those prospects back years.
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