ConocoPhillips (COP) recently received approval from federal officials to pull a collection of North Slope oil and gas leases into a new oil-field unit, a predecessor to development and production. For this purpose, the company partners with Anadarko Petroleum (APC). The leases are in the National Petroleum Reserve (Alaska) and on the western side of Alaska's North Slope. The new oil-field unit, named Bear Tooth Unit, includes 23 leases and approximately 105,000 acres, located northwest of the company’s Mooses Tooth Unit. The company said that both the units have sites of known oil discoveries. While production from the Mooses Tooth Unit is expected to commence sometime between 2012 and 2014, Bear Tooth would be online later. ConocoPhillips has recently relinquished a few leases that do not fit within its strategic plan based on the potential for commercial development. ConocoPhillips has significantly transformed its asset ...

Bald Eagle Energy, Inc., (BEEI.OB) is in good company as it seeks out oil and gas deposits in the Arctic regions of Alaska. Some of the biggest oil and gas companies in the world are exploring or producing, both on shore and off shore, in and around Alaska.

• ExxonMobil (NYSE:XOM) has been in Alaska for a long time, having invested over $20 billion since 1954, and it’s still there, producing approximately 140,000 barrels of oil per day.

• Royal Dutch Shell (NYSE:RDS-B) is investing billions into offshore exploration in the Beaufort Sea and Chukchi Sea, off Alaska’s north and northwest coasts.

• British Petroleum (NYSE:BP) operates the largest oil field in North America, the Prudhoe Bay Field in far northern Alaska, along with other oil fields and pipelines on Alaska’s North Slope.

• Chevron Corp. (NYSE:CVX) has a number of exploration and production operations on Alaska’s North

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