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Drilling continues
- 05/18/2025 (Login to read Full story)
According to drilling data published by the Alaska Oil and Gas Conservation Commission, 61 development wells were completed on the North Slope in 2024. That compares with 46 completions in 2023, 71 in 2022, 26 in 2021 and 39 in 2020. Seven exploration wells, including a pilot hole and sidetrack well....
Caution follows rally
- 05/18/2025 (Login to read Full story)
Alaska North Slope crude slid 64 cents May 14 to close at $69.07 per barrel, while West Texas Intermediate fell 52 cents to close at $63.15 and Brent fell 54 cents to close at $66.09.
A surprise jump in U.S. crude inventories spurred the losses, causing the benchmarks to give back a chunk of the pre....
First quarter advances
- 05/18/2025 (Full story)
In a May 8 first quarter earnings conference call in Houston, Texas, ConocoPhillips Senior Vice President Kirk Johnson described key milestones reached on the Willow project in the National Petroleum Reserve-Alaska, milestones that were required to ensure that the project "remains on track, fully in....
Hilcorp draws $49,000 fine for not scheduling required meeting
- 05/18/2025 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission fined Hilcorp Alaska $49,000 for failure to schedule a meeting required in the commission's Other Order 193, issued in 2022, which deals with required plugging and abandonment of wells on Cook Inlet platforms.
OO 193, the commission said, "conditionall....
Milne Schrader Bluff pool rules extended; include Nikaitchuq unit
- 05/18/2025 (Login to read Full story)
Alaska Oil and Gas Conservation Commission has approved a request by Milne Point operator Hilcorp Alaska to expand the area covered by pool rules for the Milne Point Schrader Bluff oil pool, Conservation Order 477, to cover the Schrader Bluff oil pool in the adjacent Nikaitchuq unit, acquired by Hil....
Division approves Diamond Pad at Hilcorp's west side Pretty Creek
- 05/18/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved a unit plan of operations from Hilcorp Alaska for construction of the Diamond Pad at the Pretty Creek unit. In its May 8 approval the division said the Diamond Pad is some 9 miles northeast of the Beluga Airport on the....
Baker Hughes US rig count drops 6 to 578 - 05/18/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 578 on May 9, down by six from the previous week, down by 25 from 603 a year ago and down by nine from two weeks ago. Over the last eight weeks the rig count was up in three weeks and down in five with a combined loss of 19 against a gain of five.
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Pretty Creek gas storage lease extended - 05/18/2025 (Login to read Full story)
In June 2024 Hilcorp Alaska requested an extension of its lease for the Pretty Creek Gas Storage lease. The lease was granted in October 2005 with a 10-year primary term existing at the end of September 2015. The lease allowed for a single 10-year renewal.
In 2015, the lease was extended for anothe....
Hilcorp's Kenai 3D seismic permit approved - 05/18/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved an application from Hilcorp Alaska for the NINU White 3D seismic program. In its May 6 approval, the division said the seismic survey will be on state lands in the Kenai Peninsula Borough north of Nikolaevsk, south of D....
Upper Foothills closed to off-road travel - 05/18/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Mining, Land and Water said May 10 that the Upper Foothills area closed to off-road winter tundra travel May 10 at 6 p.m. Off-road travel in progress must be completed within 72 hours, by 6 p.m. May 13.
The division said snowpack deterioration....
This month in history: USGS assesses central Slope oil and gas - 05/18/2025 (Login to read Full story)
Editor's note: This story first appeared in the May 15, 2005, issue of Petroleum News.
The U.S. Geological Survey has published the results of its new assessment of potential oil and gas reserves under the central North Slope of Alaska. The assessment area lies between the National Petroleum Reserve....
RCA OKs Anchor Point Energy application - 05/18/2025 (Login to read Full story)
An impediment to Hilcorp Alaska's purchase of the North Fork unit on the southern Kenai Peninsula was removed in late April.
As a condition of the purchase, Hilcorp Alaska required a change in the regulation of the pipeline serving the unit.
The North Fork Pipeline had been regulated by the Regula....
Oil patch bits: Lynden Air Cargo to modernize Hercules fleet - 05/18/2025 (Login to read Full story)
As reported by Lynden News May 1, Lynden Air Cargo has announced a strategic partnership with Moog Inc. to upgrade its fleet of Lockheed Model 382G Hercules aircraft with the Genesys Avionics Suite. This marks a significant milestone in the carrier's commitment to enhance operational efficiency and....
Oil patch bits: Coffman Engineers announces new Principal Jeff Brace - 05/18/2025 (Login to read Full story)
Coffman Engineers, a national multidiscipline consulting engineering firm, announced May 6 Jeff Brace, PE, as one of four new principal shareholders.
Brace is a civil engineer with over 20 years of experience leading commercial and federal projects. His extensive portfolio includes managing design-.... |
