Bloomberg | Alaska Oil Reserves May Have Grown 80% on Giant Discovery Bloomberg The light-oil reserves were found in the company's Smith Bay leases between Prudhoe Bay and Barrow along the Arctic shore, according to a statement from Caelus on Tuesday. As much as 40 percent of the find, or 2.4 billion barrels, is estimated as ... Texas oil company announces big offshore Alaska discovery An oil explorer just made what could be one of the biggest discoveries in the history of Alaska Caelus lands massive oil discovery in Alaska |