FAIRBANKS, Alaska — Alaska Native Corporation Doyon Ltd is considering drilling a fourth well west of Fairbanks in the Nenana-Minto Basin.
The corporation’s round of seismic 3-D testing this winter showed surprises, the Fairbanks Daily News-Miner reported Wednesday.
The testing uses small blasts and seismic readings to find potential gas formations below the surface.
“We were thinking of drilling this winter,” Doyon CEO Aaron Schutt said.
A recommendation for drilling about 50 miles (80 kilometers) from Fairbanks will be made to the Doyon board of directors, Schutt said.
Doyon has spent a decade exploring the area for fossil fuels and invested more than $100 million in the search, he said.
In summer 2016, the corporation’s subsidiary Doyon Drilling did an exploratory well that officials hoped would deliver affordable natural gas to the Interior for generations, but the drilling did not tap into a commercially viable source.
The fourth well would be about 10 miles (16 kilometers) north of the failed 2016 well, which itself is about 10 miles west of Nenana. The corporation has two other wells in the basin.
Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com