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Below are articles from this weeks's edition of Petroleum News. Subscribers must log in to view the complete articles. Subscribe now for full access.
  • ANS roller coaster - 02/08/2026 (Login to read Full story) Crude prices have been on a wild ride as the market attempts to gauge the geopolitical risk of a U.S.-Iran faceoff that has sent oil higher, juxtapositioned against hopes for a peaceful resolution from proposed talks between the parties. North Slope crude rose 67 cents Feb. 3 to close at $66.77 per....

  • Four years in making - 02/08/2026 (Login to read Full story) The Cook Inlet LNG project featured in the Feb. 1 issue of Petroleum News was roughly four years in the making. It began with the efforts of Bob Gardes who predicted that Cook Inlet producers were never going to drill their way out of an upcoming shortage of natural gas to meet the needs of the larg....

  • Positive oil news - 02/08/2026 (Full story) Drilling, development and more production were the highlights as Alaska's major oil and gas producers and the new entrant which will soon join them with production on the North Slope provided the Alaska Legislature's House Resources Committee with upbeat updates at a Jan. 28 hearing. ConocoPhillips....

  • Strong Energy applies to form Gubik unit on Alaska North Slope - 02/08/2026 (Login to read Full story) On Feb. 1 the Alaska Department of Natural Resources' Division of Oil and Gas posted a public notice saying Strong Energy Resources of Houston, Texas filed an initial application on July 25 to form the Gubik unit on Alaska's North Slope. Strong is 100% working interest owner and operator of the prop....

  • BLM seeks input, nominations for ANWR coastal plain O&G lease sale - 02/08/2026 (Login to read Full story) On Feb. 2 the Department of Interior's Bureau of Land Management took a key step toward holding a lease sale in the coastal plain of the Arctic National Wildlife Refuge by seeking comments and nominations of lands to be considered for leasing. "Since passage of the Tax Cuts and Jobs Act of 2017, the....

  • BOEM issues final notice for Cook Inlet March 4 lease sale - 02/08/2026 (Login to read Full story) The U.S. Bureau of Ocean Energy Management said a Cook Inlet outer continental shelf oil and gas lease sale, Big Beautiful Cook Inlet (BBC1), will be held March 4. The final notice of sale, released Jan. 30, includes information on lease terms: a 10-year primary term, a minimum bonus bid of $25 per....

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  • Preliminary injunction on NPR-A denied - 02/08/2026 (Login to read Full story) Judge Sharon Gleason of the U.S. District Court for the District of Alaska has denied a motion for a preliminary injunction by plaintiffs suing U.S. Department of the Interior Secretary Doug Burgum over the Bureau of Land Management's approval of a request by ConocoPhillips for approval of winter ex....

  • AOGCC rules against CIE on Badami flaring - 02/08/2026 (Login to read Full story) Inlet Energy, operator of leaseholder Savant Alaska's North Slope Badami unit, has been disputing Alaska Oil and Gas Conservation Commission findings that its release of natural gas from October 2024 through March 2025 constituted waste. In a Jan. 23 final order the commission found CIE had wasted....

  • Baker Hughes US rig count up 2 at 546 - 02/08/2026 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count was 546 on Jan. 30, up by two from the previous week and down 36 from 582 a year ago. The domestic rig count has ranged from the 530s through the 550s since the beginning of June. For 2025, the count peaked Feb. 28 (and again March 21) at 593, hitting it....

  • This month in history: Pioneer OKs project - 02/08/2026 (Login to read Full story) Editor's note: This story first appeared in the Feb. 12, 2006, issue of Petroleum News. Pioneer Natural Resources said Feb. 6, 2006, that it has approved and is beginning development of its Oooguruk field offshore Alaska's North Slope. In the shallow waters of the Beaufort Sea, Oooguruk was discove....

  • Hilcorp plans 2 new wells at Paxton Pad - 02/08/2026 (Login to read Full story) Hilcorp Alaska is planning two grassroots wells and associated infrastructure at the existing Ninilchik unit Paxton Pad. Paxton is one of the most southerly of the 10 pads at Ninilchik, which follows the coast of the Kenai Peninsula from south of Kasilof to north of Ninilchik. The Alaska Departme....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242
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