Saturday, March 11, 2017

Fortuitous Find Just As Prices Are Stabilizing

Largest Onshore Oil Discovery In 30 Years Found In Alaska

A Spanish energy company discovered the largest onshore oil reserve in 30 years while drilling in Alaska. The reserve found by Repsol and its partner Armstrong Energy could contain as much as 1.2 million barrels of light oil, the company said in a press release Thursday. The well was found near the village of Nuiqsut in…