In a news report published on 20 December 2019, Corri Fiege, Department of Natural Resource (DNR) Commissioner, stated that the DNR had received transfer notice of ConocoPhillips' 4.9352% working interest in the Point Thomson Unit to Hilcorp. This transfer is unrelated to the separate deal announced in August 2019 in which Hilcorp is set to acquire all the assets of BP in Alaska, including BP's 31.3052% working interest in the Point Thomson Unit.  ConocoPillips announced its intention to exit the unit in 2017. At that time, the company stated its interest would be divide among the other unit owners.  Background Information  Located 60 mi (97 km) esat of Prudhoe Bay, the ExxonMobil-operated Point Thomson Unit has produced over 5 MMbc and 101 Bcfg since coming onstream in 2016 through the end of September 2019. The company has stated that the reservoir holds an estimated 8 Tcfg and 200 MMbc.
Doyon Ltd announced it had entered into an agreement with Hilcorp for oil and gas exploration in part of the Yukon Flats.