There’s no chill pill to be had in Alaska’s North Slope these days, where an oil-and-gas revival has been quietly taking shape to explore, capture, and export its vast energy resources. To do so is neither cheap nor easy. The North Slope is a harsh Arctic lassie that cuts no slack and offers no bargains. Still, with new developments at work, producers are hoping to make the Last Frontier a new one.

Reese Energy Consulting is following the latest from Houston-based APA Corporation, which has acquired Anchorage-based Savant Alaska, LLC. The $70 million deal adds 104,000 gross acres and 40 MBPD to APA’s existing 325,000 gross undeveloped acreage on the North Slope. Other assets include a grind-and-inject system, barge landing and wharf facilities, runway access, gravel resources, the Badami production facilities, and ownership of the 25.5-mile, 80 MBPD Nutaaq Pipeline that connects the Badami area to the Trans-Alaska Pipeline System.

Back in May, we shared news that ExxonMobil, Shell in partnership with Spain’s Repsol, ConocoPhillips, and Australia’s Santos were high bidders to snap up leases on 1.33 million acres in the North Slope. Meanwhile, the Alaskan LNG project—now projected to cost $54 billion to build the long-beleaguered, 807-mile natural gas pipeline from Prudhoe Bay to the eastern shore of the Cook Inlet—is nearing approval of a tax incentive to further advance its growth.