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Working Nikaitchuq
- 03/02/2025 (Full story)
Hilcorp Alaska, which acquired the Nikaitchuq unit last year, plans to use its success at increasing production from the Schrader Bluff formation at Milne Point as the model for Nikaitchuq. As part of that effort, Hilcorp has applied to the Alaska Oil and Gas Conservation Commission to extend the Mi....
Fiscal fear hits ANS
- 03/02/2025 (Login to read Full story)
Alaska North Slope plummeted $3.84 over a week, from its Wednesday Feb.19 close of $71.64 per barrel to its Feb. 26 close of $71.64.
ANS was down 40 cents on the day Feb. 26, while West Texas Intermediate shed 31 cents to close at $68.62 and Brent fell 49 cents to close at $72.53 -- taking crude pri....
Gallagher bullish on AK
- 03/02/2025 (Login to read Full story)
The Pikka Phase 2 project west of Alaska's central North Slope is fully appraised with all major permits in place. It will be FEED ready this year and is expected to produce 80,000 barrels per day, just like Pikka Phase 1. A Santos presentation slide said Phase 2 will develop "significant 2C conting....
Oil patch insider: Pantheon Resources appoints Alaskan-born Max Easley as CEO - 03/02/2025 (Login to read Full story)
Pantheon Resources plc, the oil and gas company developing the Kodiak and Ahpun oil fields on Alaska's North Slope via local affiliate Great Bear Pantheon, recently announced the appointment of Alaskan-born Max Easley, 57, as chief executive officer, succeeding Jay Cheatham.
George ('Max') Washingto....
Environmental organizations file lawsuit over offshore openings
- 03/02/2025 (Login to read Full story)
On Feb. 19 a group of environmental organizations filed a lawsuit in the federal District Court in Alaska challenging President Trump's Jan. 20 executive order opening large areas of the federal outer continental shelf to oil and gas development, including areas of the Beaufort and Chukchi seas. The....
Hilcorp adds more wells to its 2025 POD for Milne Point unit
- 03/02/2025 (Login to read Full story)
Hilcorp Alaska has added six grassroots wells to its 2025 plan of development for the Milne Point unit on the North Slope. In the original POD, filed in October, the company said its anticipated drilling at Milne Point included 19 wells: 18 Schrader Bluff wells, nine producers and nine injectors, an....
The challenges of rural electricity
- 03/02/2025 (Login to read Full story)
On Feb. 4 Bill Stamm, president and chief executive officer of Alaska Village Electric Cooperative, talked to the Alaska Legislature's House Energy Committee about the challenges of providing reliable and affordable electricity supplies in remote rural communities in Alaska. The talk came in conjunc.... |
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Alaska-Mackenzie Rig Report - 03/02/2025 (Login to read Full story)
Alaska-Mackenzie Rig Report - You must be a logged in subscriber to read this report.....
Baker Hughes US rig count up by 4 at 592 - 03/02/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 592 on Feb. 21, up by four from the previous week, continuing a trend of gains which began at the end of January. The count was down by 34 from 626 a year ago and up six from two weeks ago. Over the last eight weeks the rig count was unchanged in....
Division approves new Kuparuk pipelines - 03/02/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved an amendment to the Kuparuk River unit plan of operations submitted by unit operator ConocoPhillips Alaska.
The amendment is for the installation of two new pipelines, a 10-inch water injection pipeline and a 20-inch p....
DNR notices proposed regulation revisions - 03/02/2025 (Login to read Full story)
The Alaska Department of Natural Resources said in Feb. 24 public notices that it is considering regulation changes and asking for public input.
One revision of regulations would be a result of House Bill 50, which authorizes DNR "to amend existing regulations regarding geothermal projects on state....
This month in history: Pelican Hill pulls out of Alaska - 03/02/2025 (Login to read Full story)
Editor's note: This story first appeared in the March 6, 2005, issue of Petroleum News.
Pelican Hill Oil and Gas is pulling up stakes and leaving Alaska, the company's vice president of Alaska operations, Arlen Ehm, told Petroleum News March 1, 2005. An oil and gas producer in Kansas, the San Clemen....
Oil patch bits: Alaska Railroad solicits 2026 official art print - 03/02/2025 (Login to read Full story)
The Alaska Railroad said recently that it is seeking entries for its annual commemorative artwork program by Friday, April 4. ARRC commissions the selected artist to create artwork as the basis for ARRC's official 2026 commemorative print. Established in 1979, the program helps participating artists.... |
