Hydraulic fracturing‘s horizontal drilling technique has enabled industry to tap otherwise difficult-to-access oil and gas in shale basins throughout the U.S. and increasingly throughout the world. And now “fracking,” as it’s known, could soon arrive at a new frontier: Alaska.
As Bloomberg reported in March, Paul Basinski, a pioneer of fracking in Texas’ prolific Eagle Ford Shale, has led the push to explore fracking’s potential there, in what’s been dubbed “Project Icewine.” His company, Burgundy Xploration, is working on fracking in Alaska’s North Slope territory alongside the Australia-based company 88 Energy (formerly Tangiers Petroleum).
“The land sits over three underground bands of shale, from 3,000 to 20,000 feet below ground, that are the source rocks for the huge conventional oilfields to the north,” wrote Bloomberg. “The companies’ first well, Icewine 1, confirmed the presence of petroleum in the shale and found a geology that should be conducive to fracking.”
Why the name “Project Icewine”? “Everything we do is about wine,” Basinski told Alaska Public Radio. “That’s why it’s called Icewine. Because it’s cold up here, and I like German ice wine”
A report by DJ Carmichael, an Australian stockbroker firm, notes that the Project Icewine oilfield is located in close proximity to the Trans-Alaska Pipeline System, which flows from northern to southern Alaska and is co-owned by BP, ConocoPhillips, ExxonMobil, and Chevron.
According to an Australian Securities Exchange filing, in April of this year, 88 Energy and Burgundy Xploration began pre-drilling procedures for Icewine 2, a second fracking test well. In the filing, which also noted receipt of a Permit to Drill from the Alaska Oil and Gas Conservation Commission, 88 Energy said it expects to begin “stimulation and production testing” in June or July.
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