KENAI, Alaska (AP) – The state has reduced the fines for an oil and gas company that failed to plug two Cook Inlet wells before the end of its leases.

The Peninsula Clarion reports state officials announced Friday that NordAq Energy will pay $25,000 for each well.

The fine is significantly less than the $771,000 fine that the state had originally proposed in December 2016 for failing to plug and abandon its Shadura 1 exploratory gas well north of Nikiski and its exploratory Tiger Eye 1 well on the west side of Cook Inlet.

NordAq finished plugging and abandoning the Tiger Eye well last September and the Shadura well in March.

It currently holds interest in some Beaufort Sea leases, but none in Cook Inlet.

Information from: (Kenai, Alaska) Peninsula Clarion,

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