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ANS hugs 2-week high
- 07/13/2025 (Login to read Full story)
Alaska North Slope crude, along with West Texas Intermediate and Brent, lifted to two-week highs despite a larger than expected production boost from the Organization of the Petroleum Exporting Countries and its allied exporting nations.
On July 5, OPEC+ approved a supply increase of 548,000 barrel....
RTO files its tariff
- 07/13/2025 (Login to read Full story)
The Railbelt Transmission Organization, the newly formed entity for overseeing the fees charged for use of the Alaska Railbelt electricity transmission system, has filed its first tariff with the Regulatory Commission of Alaska. The tariff, which requires RCA approval, specifies how the RTO will det....
Plan to expand Seaview
- 07/13/2025 (Full story)
Hilcorp Alaska is in the process of applying to expand its lower Kenai Peninsula Seaview unit to include its Whiskey Gulch gas discovery to the north, where Alaska Oil and Gas Conservation Commission records show the company drilled 20 stratigraphic test wells and three exploratory gas wells. At Sea....
Slope methane hydrate testing on hold pending US DOE funding
- 07/13/2025 (Login to read Full story)
A project involving the testing of methane hydrate production on the North Slope is on hold, pending a U.S. Department of Energy decision on whether to continue to provide funding support for the project. In a June 24 filing by Oliktok Pipeline Co. with the Regulatory Commission of Alaska the pipeli....
49% of oil on federal lands in Alaska, the USGS has estimated
- 07/13/2025 (Login to read Full story)
The U.S. Geological Survey, in an estimate released in late June, said 49% of undiscovered technically recoverable oil resources on federal onshore land are in Alaska. The national total is 29.414 billion barrels of oil, of which the estimate for Alaska is 14.458 billion.
Ranking is by volumetric m....
Hilcorp looking at Clam Gulch area in 21st Ninilchik unit POD
- 07/13/2025 (Login to read Full story)
Hilcorp Alaska is continuing to evaluate drilling in the northern-most portion of its Ninilchik unit on the Kenai Peninsula, in the Clam Gulch area, the Alaska Department of Natural Resources' Division of Oil and Gas said in its July 8 approval of the unit's 21st plan of development.
The Ninilchik.... |
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EIA: Brent up slightly over June forecast
- 07/13/2025 (Login to read Full story)
The U.S. Energy Information Administration said July 8 in its Short-Term Energy Outlook that it has revised its forecast for the Brent crude oil price for 2025 to an average of $69 per barrel, up 4.4% from the June forecast of $66 per barrel.....
Baker Hughes US rig count down 8 to 539
- 07/13/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 539 on July 3, down by eight from the previous week -- the tenth consecutive week of drops. The count was down by 46 from 585 a year ago, down by 15 from two weeks ago and down 48 over the 10 weeks. This is the lowest the rig count has been since Octo....
This month in history: Pioneer in at Cosmo, still being studied - 07/13/2025 (Login to read Full story)
Pioneer Natural Resources Alaska has come in as a working interest owner in the offshore Cook Inlet Cosmopolitan prospect, taking a 10% interest from operator ConocoPhillips Alaska in March 2005.
Drilling beginning in 2001 followed up on a discovery made in 1967 by Pennzoil, which used a jack-up dr....
Division OKs dredging, Milne pad work - 07/13/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved annual maintenance dredging of the West Dock Causeway at the Hilcorp North Slope-operated Prudhoe Bay unit and installation of chemical injection containment modules at R Pad in Hilcorp Alaska's Milne Point unit.
In it....
Oil patch bits: Verde signs distribution agreement with Alaska Materials - 07/13/2025 (Login to read Full story)
Verde Resources Inc., through its main subsidiary Verde Renewables Inc., said July 2 that it is pleased to announce the signing of an exclusive distribution agreement with Alaska Materials LLC. This partnership will see Alaska Materials distribute Verde's innovative, sustainable building products ac....
Oil patch bits: Lynden sponsors UAA auto & diesel expo
- 07/13/2025 (Login to read Full story)
As reported by Lynden News July 1, Lynden was a sponsor of the third annual University of Alaska Anchorage auto and diesel expo last month in Anchorage. Lynden Transport Operations Assistant Mike Gaiser, Alaska West Express Human Resources Generalist Katarina Goumas and HSSE Specialist Mark Pliska s.... |
