Pantheon Resources begins drilling Alaska's Megrez-1 well, targeting vast oil and gas resources.

Pantheon Resources, an oil and gas company, has started drilling the Megrez-1 well in Alaska's Ahpun field, aiming to explore potential resources estimated at 609 million barrels of oil and 3.3 trillion cubic feet of natural gas. The well is using the Nabors 105AC rig, and initial results will be announced after drilling is complete. This project could enhance the economic viability of the Ahpun oil field.

November 11, 2024
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