On 9 December 2019, Doyon Limited announced it had entered into an agreement with Hilcorp for oil and gas exploration in part of the Yukon Flats. Yukon Flats covers over 10 million acres (40,500 sq km), with the federally-owned Yukon Flats National Wildlife Refuge accounting for much of the area. The agreement covers 1.6 million acres (6,475 sq km) where Doyon owns mineral rights. The agreement includes an initial airborne gravity survey of the region, with follow-up exploration opportunities for seismic acquisition and drilling if warranted. The focus of the program will be in the Birch Creek area initially.  Aaron M. Schutt, President and CEO of Doyon, Limited said, âDoyon has been actively exploring for oil and gas resources in our region for over a decade.Â  Weâve barely scratched the surface.Â  We are pleased to sign this agreement allowing Hilcorp to explore further and we look forward to seeing results from their activities.â  David Wilkins, Senior Vice President, Hilcorp Alaska said, âOur partnership with Doyon represents great opportunity for their shareholders and the State. We have worked successfully with Doyon over the years both in the Cook Inlet and on the Slope.Â  This agreement opens the door to continue that relationship in the interior as well.â    Source: Doyon Limited
Doyon Limited announced it had entered into an agreement with Hilcorp for oil and gas exploration in part of the Yukon Flats. Yukon Flats covers over 10 million acres (40,500 sq km), with the federally-owned Yukon Flats National Wildlife Refuge accounting for much of the area. 