Doyon says its natural gas prospects in Nenana Basin are promising

There’s renewed optimism about finding a deposit of natural gas in the Nenana Basin that can be developed. Doyon, an Interior regional Alaska Native Corporation, has explored the area for 10 years without commercially producing gas, but their president and CEO said new data is yielding promising results.

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Aaron Schutt spoke to the Fairbanks Chamber of Commerce on Tuesday.

“Very clean data,” Schutt said. “It was better than any other data we’ve gathered before and there were more targets than we expected to see as well.”

Doyon has spent $100 million looking for oil and gas in the Nenana and Minto Basins.

”What we have learned is the Nenana Basin has generated a tremendous amount of gas and certainly some oil,” Schutt said.

Schutt said to expect an announcement in November.