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Anadarko won't drill in Brooks Range foothills this winter

Service rates Alaska bonds A1 Moody's Investors Service said it has assigned A1 ratings to the Alaska Municipal Bond Bank's planned sale of two bonds totaling $29.2 million for solid-waste infrastructure in the Kenai Peninsula Borough and an aquatic center in the Ketchikan Gateway Borough.

Nov. 25--Anadarko Petroleum spokesman Mark Hanley said his company will not drill in the Brooks Range foothills during the winter exploration season, according to Petroleum News. "We completed three wells last season. We're trying to evaluate those," Hanley said.

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Earlier this year the company, with its partners Petro-Canada and BG, completed two years of foothills exploration drilling on a group of natural gas leases around Umiat, in a region that the company calls the Gubik Complex.

In the winter of 2007-08, Anadarko drilled the Gubik No. 3 well in the known Gubik gas field near Umiat and started drilling the Chandler No. 1 well east of the Colville River near Umiat. During the following winter, the company returned to complete the Chandler well and drill two new wells, Gubik No. 4 and Wolf Creek No. 4. Wolf Creek lies about 40 miles west of Umiat.

Hanley said that Anadarko had planned to conduct a test in its Chandler well this winter but that launching a winter exploration program just to test one well was not cost-effective. Instead, the company hopes to conduct the test, along with the drilling of two more wells, during the winter of 2010-11.

"What we'd like to do is drill a couple of wells and do the test in the same season, so we can share the ice roads and a lot of the infrastructure stuff," Hanley said.

And the deferral of the well test should not have much impact on the time frame for Anadarko's overall multiyear, multiwell foothills exploration program, Hanley said.

State policymakers and the public have been closely following Anadarko's exploration program in the Gubik region, the first exploration program in northern Alaska to explicitly target natural gas. There has been speculation about whether any gas developed as a result of the program would be shipped to market through a future North Slope gas line, or by a "bullet line" direct into Southcentral Alaska.

Service rates Alaska bonds A1

Moody's Investors Service said it has assigned A1 ratings to the Alaska Municipal Bond Bank's planned sale of two bonds totaling $29.2 million for solid-waste infrastructure in the Kenai Peninsula Borough and an aquatic center in the Ketchikan Gateway Borough. The sale is expected Tuesday. The A1 rating means investors can expect little risk of default, although it is one of Moody's lower ratings for what it considers good-quality bonds.

The state's municipal bond bank pools smaller-scale projects of local governments around the state into a larger bond issue that will look more attractive to bond buyers.

Soap Dish Diva at Dimond Center

Soap Dish Diva, a line of handmade bath and body products created by the original founder of Laura's Bath and Body, opens this week at the Dimond Center mall in South Anchorage. The business sells soaps, bath bombs, lotions and other products. Visit the Soap Dish Diva kiosk during regular mall hours in November and December. The kiosk will close at the end of December.

SouthEast posters win top award

A series of four posters created for the SouthEast Alaska Regional Health Consortium Women's Health Program recently won top honors in the poster series category of the 2009 MarCom Creative Awards.

The poster series was designed to promote women's heart health. The messages range from the fact that heart disease is the No. 1 killer of women to heart disease being different for women than it is for men.

The MarCom Creative Awards is an international competition overseen by the Association of Marketing and Communication Professionals.

Some of the other 2009 Platinum winners were for projects promoting Toyota, Wells Fargo, IBM, UPS, Merrill Lynch, Hewlett-Packard, several universities and similar organizations.

Northrim BanCorp sets dividend

The board of Northrim BanCorp Inc. has declared a quarterly cash dividend of 10 cents a share, payable Dec. 18 to shareholders of record on Dec. 10. "With growing profits and a solid balance sheet, we are maintaining our cash dividend this quarter at $0.10 per share," said Marc Langland, chief executive. The Anchorage company owns Northrim Bank.