An oil and gas exploration well drilled in the Nenana Basin has not yielded a commercially viable deposit. Doyon Corporation vice president of lands and resources Jim Mery says the nearly nine thousand-foot well, about 16 miles west of Nenana, has inspired the corporation to keep looking.
Mery stresses that the well is only the second deep drilling that’s happened in the Nenana Basin, where Doyon has leases on about 400,000 acres of state land. He says the company is actively planning additional exploration work.
Dan Bross is a reporter at KUAC in Fairbanks.
