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Doing it again!
- 03/23/2025 (Full story)
Lagniappe is a Cajun word that loosely translates into "a good unexpected surprise" -- apropos for the Nanushuk play west of Prudhoe Bay on the North Slope, which Bill Armstrong and a partner first drilled and identified as a huge oil reservoir in 2013 (Qugruk 3 well).
The discovery led to the 2-plu....
China rallies ANS
- 03/23/2025 (Login to read Full story)
Alaska North Slope crude has been supported in maintaining its newfound premium over Brent, as China has emerged as a surprise active buyer of Pacific cargoes.
Suddenly it seems there is less oil tankered around the Pacific waiting to nail a spot market deal, and a berth at which to unload.
(See ch....
Hilcorp plans 3 wells
- 03/23/2025 (Login to read Full story)
Hilcorp Alaska is looking at drilling three exploration wells in Cook Inlet over the next 5 years, along with production drilling and pipeline work, involving ocean-going tugs, a jack-up rig and barges for the pipeline work.
The company laid out its plans in an application to the National Marine Fi....
Santos likely to deliver first oil from Pikka near end of 2025 - 03/23/2025 (Login to read Full story)
On March 17, APA Corp. announced an oil discovery on Alaska's North Slope from the Sockeye-2 exploration well in the Lagniappe area east of Prudhoe Bay.
Santos has a 25% stake in the joint venture with Apache holding 50% and Bill Armstrong's Lagniappe holding 25%.
The Sockeye-2 well was drilled to a....
Spring Revenue Forecast has less short-term crude and lower prices
- 03/23/2025 (Login to read Full story)
The Alaska Department of Revenue released its Spring 2025 Revenue Forecast March 12, an update of the Fall Revenue Forecast released in December. Compared to fall, the Alaska North Slope oil price forecast and the ANS oil production forecast for fiscal year 2025 (ending June 30) are up slightly, whi....
AOGCC approves Hilcorp non-custody transfer meter for pilot - 03/23/2025 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission has approved, with numerous conditions, a request from Hilcorp Alaska for use of non-custody transfer meters for power sold to a Duck Island unit third-party data center pilot project.
In a March 13 decision the commission said no extensions will be gr.... |
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EIA sees crude volumes up, prices down
- 03/23/2025 (Login to read Full story)
In its March Short-Term Energy Outlook, released March 11, the U.S. Energy Information Administration said it expects global oil markets will remain relatively flat through mid-2025, with inventories increasing, before inventories begin to fall "in part due to decreasing crude oil production in Ira....
Baker Hughes US rig count unchanged at 592 - 03/23/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 592 on March 14, unchanged from the previous week, down by 37 from 629 a year ago and down by one from two weeks ago. Over the last eight weeks the rig count was up in five weeks, down in two and unchanged in one with a combined gain of 17 against....
Three gas pipeline bills in Legislature
- 03/23/2025 (Login to read Full story)
Rep. Will Stapp, R-Fairbanks, introduced House Bill 119 Feb. 26, adding language to the statute governing Alaska Gasline Development Corp. which reads "an in-state natural gas pipeline advanced under this paragraph must include a direct spur line to the City of Fairbanks and the Fairbanks North Star....
This month in history: Turning risk into reward
- 03/23/2025 (Login to read Full story)
Editor's note: This story first appeared in the March 20, 2005, issue of Petroleum News.
Kerr-McGee is two for two in Alaska, announcing a second successful drilling season with appraisal and exploration wells on Alaska's North Slope at prospects offshore the Kuparuk River and Milne Point units.
Ke....
Upper foothills opened to tundra travel
- 03/23/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Mining, Land and Water, said March 19 that it has opened the upper foothills area of the North Slope to winter off-road tundra travel.
The division said soil temperatures and snow cover within the upper foothills have met the criteria for open.... |
