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Producers 2024: Production surge coming
- 12/22/2024 (Login to read Full story)
An oil production surge is around the corner for the North Slope of Alaska.
The first surge will come from Santos' Pikka Phase 1 project, scheduled to begin producing oil in the first half of 2026 with 80,000 barrels per day, followed by Pikka Phase 2. Its pads and roads may be built as early as 202....
Producers 2024: AIX Energy closes out first decade in Alaska
- 12/22/2024 (Login to read Full story)
AIX Energy LLC marked 10 years in Alaska in 2024. In its first decade in the state, the independent company has sometimes behaved more like a Lower 48 operator.
Over the past 70 years, Alaska has become accustomed to an oil patch led by several large or midsize operators who pursue ongoing campaigns....
Producers 2024: Crunch time for Amaroq at Nicolai Creek
- 12/22/2024 (Login to read Full story)
For a run of years now, operator Amaroq Resources Inc. has been public about the need for investment to ensure that the onshore field on the west side of Cook Inlet remains viable. And yet economics have persistently delayed those investments year after year.
"Nicolai Creek Unit has tremendous upsid....
Producers 2024: BlueCrest pins Cosmo financing on HB 50 funding
- 12/22/2024 (Login to read Full story)
The Cosmopolitan project neatly captures the challenges of the Cook Inlet basin.
The offshore field is the largest proven and undeveloped oil and gas reserve in the Cook Inlet basin and is therefore crucial for maintaining supplies in the region. It is also a technically challenging project, requiri....
Producers 2024: ConocoPhillips enthusiastically expanding - 12/22/2024 (Login to read Full story)
After several slow pandemic years, ConocoPhillips Alaska is firmly in a period of growth.
The largest and most consistent Alaska operator in the 21st century is undertaking three long-term expansion projects over the next five years. The company is adding two participating areas at its Kuparuk River....
Producers 2024: Sidebar- Incurs $341M in taxes - 12/22/2024 (Login to read Full story)
On Oct. 31, 2024, in connection with ConocoPhillips' quarterly 2024 earnings presentation, ConocoPhillips Alaska reported a net income of $267 million in the third quarter of 2024.
During the quarter, ConocoPhillips Alaska incurred an estimated $341 million in taxes and royalties, which includes $25....
Producers 2024: Eni hands over the reins to Hilcorp
- 12/22/2024 (Login to read Full story)
Producers 2024: EEni US Operating Co. Inc. is in an unusual position.
The domestic subsidiary of the Italian major recently submitted its annual plans of development for the two North Slope units it operates -- Oooguruk and Nikaitchuq.
Earlier this year, Eni negotiated a sale of those two units to....
Producers 2024: Glacier maintains Cook Inlet properties, ponders expansion - 12/22/2024 (Login to read Full story)
Earlier this year, the state officially approved a major ownership shuffle involving Glacier Oil & Gas Co. and its two subsidiaries: Cook Inlet Energy and Savant Alaska.
Under the plan approved by the Division of Oil and Gas, SEP Alaska LLC transferred some of its 100% interest in Glacier to The Smi.... |
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Producers 2024: HEX/Furie moves on gas
- 12/22/2024 (Login to read Full story)
John Hendrix's message on Oct. 3, 2024, to his fellow Alaskans: "Great day for HEX/Furie and Alaska. Jack-up rig on our platform today at 10 am!! Drilling local natural gas for Alaskans!"
The Enterprise 151, formerly named the Spartan 151, is the jack-up.
The platform is the Julius R Platform, or JR....
Producers 2024: Hilcorp focuses on large Cook Inlet fields
- 12/22/2024 (Login to read Full story)
Hilcorp Alaska is the dominant oil and gas producer in Cook Inlet, with the company's focus on natural gas, which provides heat and electrical power for Southcentral Alaska.
Hilcorp's Houston-based parent, Hilcorp Energy, is one of the largest U.S. privately held exploration and production companie....
Producers 2024: Hilcorp major North Slope producer
- 12/22/2024 (Login to read Full story)
Hilcorp came to Alaska in 2011 with acquisitions in Cook Inlet, becoming an operator there in 2012, and began working on the North Slope in 2014, acquiring BP Exploration (Alaska)'s working interest in the Duck Island and Northstar units, and 50% of BP's interest in Milne Point, where Hilcorp took o....
Producers 2024: Mustang moving to production
- 12/22/2024 (Login to read Full story)
Mustang Holding LLC, the current operator of the Southern Miluveach unit on the North Slope, is aiming to bring it back online by the end of the year, according to the 10th plan of development for the unit the company filed with the Alaska Department of Natural Resources' Division of Oil and Gas Nov....
Producers 2024: The Barrow gas field remain a reliable source of local fuel
- 12/22/2024 (Login to read Full story)
The Barrow gas fields are a local resource for local use.
The federal government discovered the field as part of a sporadic post-war exploration campaign in the National Petroleum Reserve-Alaska to improve domestic energy security
Big, but not big enough to justify the massive cost of transport bac....
Producers 2024: Santos steams ahead
- 12/22/2024 (Login to read Full story)
According to a third quarter report released Oct. 17, 2024, by Santos Ltd., the company's Alaska North Slope Pikka Phase 1 project is now 67% complete and "focused on accelerating pipelay activities to two programs following increased realized productivity over the 2023 winter season."
Twelve wells....
Producers 2024: Vision hanging in there
- 12/22/2024 (Login to read Full story)
Vision Operating made its first report deadline of July 1, 2024, with the Alaska Department of Natural Resources' Division of Oil and Gas regarding the modified North Fork unit plan of development approved on March 5, 2024.
The POD was filed by unit operator Vision Operating LLC, a fully owned subsi.... |
