OEF Rapid Review Articles
A pioneer of the U.S. shale revolution, Paul Basinski, wants to take fracking to America’s final frontier – Alaska. His venture, Project Icewine, has gained rights to 700,000 acres inside the Arctic Circle and they could hold 3.6 Billion barrels of oil, rivaling the legendary Eagle Ford. “The oil is there,” he said, “Now it’s a question of how quickly we can get it to flow and whether we can get the economics to work.” One exploratory well has been drilled, he added, and a second is planned by mid-year.
LINK TO THE SOURCE ARTICLE:
A Shale Boom For Alaska’s North Slope?
