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Pantheon Resources confirmed oil and gas in Alaska’s North Slope but paused winter operations, planning a spring restart.
Pantheon Resources PLC reported on December 22, 2025, that its Dubhe-1 test in Alaska’s North Slope confirmed mobile hydrocarbons but fell short of production goals, prompting a pause in winter operations with plans to resume in spring.
The company, which holds a 100% interest in 258,000 acres near key infrastructure, maintains confidence in the Kodiak field, backed by independent estimates of 1.6 billion barrels of crude and 6.6 trillion cubic feet of gas.
It entered 2026 with strong financial health after raising capital, emphasizing capital efficiency and early cash flow.
Leadership changes included new appointments for CEO, CFO, and Chief Development Officer, along with a board addition, all bringing industry and Alaska-specific experience.
Pantheon Resources confirmó petróleo y gas en la ladera norte de Alaska, pero suspendió las operaciones de invierno, planeando un reinicio en primavera.