Alaska Pursuing Unconventional Shale Oil Development
From Washington Post
Canada may have its Albertan oil sands, and North Dakota has its Bakken oil formation. But don’t count Alaska out when it comes to producing unconventional oil.
Alaska, which has fallen behind North Dakota in oil output and whose Prudhoe Bay oil fields are waning, is exploring the possibility of extracting oil from the source rock on the state’s North Slope. The state has leased more than half a million acres of its land to exploration companies, and even some environmentalists believe that the shale oil development could be the best way to increase output with relatively modest damage to the environment.