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ANS crosses $76 mark
- 02/16/2025 (Login to read Full story)
Alaska North Slope crude -- after a three-day run -- notched its highest high in more than two weeks Feb. 11, up 83 cents to close at $76.11 per barrel. West Texas Intermediate jumped $1.00 to close at $73.32 in the day and Brent jumped $1.13 to close at $77.00.
The Alaska benchmark had closed at $....
Another LNG proposal
- 02/16/2025 (Login to read Full story)
On Feb. 6 Harvest Alaska and Chugach Electric Association announced an agreement with Marathon Petroleum Corp. for Harvest to acquire Marathon's liquefied natural gas export facility near Nikiski on the Kenai Peninsula, to convert the terminal into an LNG import facility.....
North Slope update
- 02/16/2025 (Login to read Full story)
The Alaska Legislature's House Resources Committee heard Feb. 10 from major North Slope players ConocoPhillips Alaska, Hilcorp and Santos on activities and plans across the North Slope.
The ConocoPhillips Alaska presentation was by Barry Romberg, vice president, commercial and midstream, and Ben Ca....
ConocoPhillips Alaska '24 report; future exploration west of Willow? - 02/16/2025 (Login to read Full story)
In connection with ConocoPhillips' fourth-quarter 2024 earnings conference call on Feb. 6, ConocoPhillips Alaska reported that it invested $3.2 billion in Alaska in both new and legacy fields in 2024.
And ConocoPhillips Alaska incurred an estimated $1.5 billion in taxes and royalties in 2024, which....
Enstar gas delivery case against Hilcorp dismissed by judge - 02/16/2025 (Login to read Full story)
Judge Herman Walker of the Alaska Superior Court has dismissed without prejudice a lawsuit in which Anchorage-based gas utility Enstar Natural Gas Co. claimed that Hilcorp Alaska had broken the terms of their gas supply agreement.
Enstar has claimed that Hilcorp violated the agreement by refusing to....
Hilcorp plans 3 wells to bring Sterling gas field back online - 02/16/2025 (Full story)
Hilcorp Alaska has plans to bring a nonproducing Kenai Peninsula gas field back into production.
The company has applied to the Alaska Oil and Gas Conservation Commission for spacing exceptions to allow it to drill three wells closer than 1,500 feet to a property line where ownership changes in the.... |
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CINGSA has drilled two additional wells
- 02/16/2025 (Login to read Full story)
Cook Inlet Natural Gas Storage Alaska said in its 2025 plan of development, submitted Jan. 31, that the two new wells at the Cannery Loop unit underground gas storage reservoir and facility were drilled September through December last year, but have not been perforated and completed.
In the POD, su....
Alaska's electricity supply arrangements, PART 1 OF 3
- 02/16/2025 (Login to read Full story)
The vast size of Alaska coupled with its sparse population have given rise to electricity systems that differ significantly from those found elsewhere in the United States. And on Feb. 4 representatives from several electricity utilities talked to the Alaska Legislature's House Energy Committee abou....
Hilcorp continues looking at NTBU issues
- 02/16/2025 (Login to read Full story)
Hilcorp Alaska has filed its 2025 plan of development for the North Trading Bay unit with the Alaska Department of Natural Resources' Division of Oil and Gas. There is currently no production from NTBU.
For its 2025 POD, covering May 3, 2025, through June 30, 2026, Hilcorp said it will continue wor....
Baker Hughes US rig count up by 4 at 586
- 02/16/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 586 on Feb. 7, up by four from the previous week, down by 37 from 623 a year ago and up 10 from two weeks ago. Over the last eight weeks the rig count was unchanged in three weeks, down in three weeks and up in two with a combined loss of 13 and a....
This month in history: Billions in leftovers on North Slope - 02/16/2025 (Login to read Full story)
Editor's note: This story first appeared in the Feb. 20, 2005, issue of Petroleum News.
There's a prevailing view that, with production from major oil fields on Alaska's North Slope declining, the North Slope has become a mature oil and gas province. But Mark Myers, director of Alaska's Division of....
Oil patch bits: ConocoPhillips Alaska welcomes Heather Tash to leadership role - 02/16/2025 (Login to read Full story)
ConocoPhillips Alaska said Feb. 5 that Heather Tash recently joined its leadership team as vice president, asset development. In her new role, Tash will oversee development across the North Slope.
Tash began work in the oil and gas industry in 2007. Her work in the field has included positions with.... |
