|Great Bear Petroleum LLC ("Great Bear") is a private company focused on the exploration for, and the sustainable development and production of, unconventional resources on the North Slope of Alaska, with a particular focus on shale based oil. Great Bear also intends to exploit the shale based natural gas on its leases as well as conventional prospects as they arise.
Great Bear is the dominant unconventional resource player on the North Slope of Alaska. Having secured approximately 500,000 acres, Great Bear has established a strong position in the heart of the unconventional play fairway south of the Kuparuk and Prudhoe Bay fields. The North Slope is a proven prolific oil and gas province and home to the largest producing oil field in the U.S., Prudhoe Bay.
Great Bear has an innate understanding of Alaskan geology through performing regional work on its petroleum systems in the 1980s. Great Bear’s principals also have significant experience across numerous mature and emerging shale plays in the Lower 48.
Alaska’s shale potential is only just emerging as the industry’s focus to date has been on conventional oil and gas production. Great Bear believes Alaska hosts the next big shale play in North America.