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HB 271: royalty relief
- 02/22/2026 (Login to read Full story)
House Bill 271, indefinitely extending the 3% royalty rate approved by the Alaska Department of Natural Resources in 2025 for the Kitchen Lights unit in Cook Inlet, had its first hearing in the House Resources Committee Feb. 4.
Rep. Zack Fields, D-Anchorage, the bill sponsor and a member of the com....
Planning for the future - 02/22/2026 (Login to read Full story)
During a Feb. 11 Legislative Lunch and Learn session Ed Jenkin, chief executive officer of the Railbelt Reliability Council, talked to state lawmakers about the RRC approach to the regional planning of the Railbelt high voltage electrical system. The system consists of the electricity transmission n....
Update on Rig 26 - 02/22/2026 (Full story)
According to the Unified Command, efforts following the Jan. 23 Western North Slope rig move incident near Nuiqsut have progressed, allowing the second phase of the response to begin. That work is focusing on further inspection of the structure, removal of any remaining fluids or debris, and transpo....
Oil patch insider: ConocoPhillips Alaska reports year
end; Meet Alaska '26; Golden Dome
- 02/22/2026 (Login to read Full story)
In 2025, ConocoPhillips Alaska incurred an estimated $1.3 billion in taxes and royalties, including $1 billion to the State of Alaska and nearly $300 million to the federal government.
ConocoPhillips Alaska reported a net income of $730 million for the year.
ConocoPhillips Alaska delivered another s....
RCA opens docket to gather Cook Inlet LNG importing information - 02/22/2026 (Login to read Full story)
On Feb. 4 the Regulatory Commission of Alaska opened a docket to gather information about plans for implementing liquefied natural gas import terminals at Nikiski on the coast of the Kenai Peninsula. The LNG will be used by gas and electricity utilities to supplement gas supplies from Cook Inlet oil.... |
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DNR approves Colville River unit lease extension, contraction delay - 02/22/2026 (Login to read Full story)
On Feb. 12 the Alaska Department of Natural Resources' Division of Oil and Gas notified ConocoPhillips Alaska Inc., or CPAI, by certified mail that the company's Nov. 26 application for the fifth amendment to request for lease extension and deferral of unit contraction of the Colville River unit, or....
Doyon Oil Field Services to build pad - 02/22/2026 (Login to read Full story)
Levi Frampton, president of Doyon Energy Services, is listed as the applicant for Doyon Oil Field Services in the Feb. 13 U.S. Army Corps of Engineers Alaska District public notice.
Doyon Oil Field Services is asking for a permit to work in waters of the United States, specifically to install "a typ....
Baker Hughes US rig unchanged at 551 - 02/22/2026 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 551 on Feb. 13, unchanged from the previous week and down 37 from 588 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: Corps issues permit for Nikaitchuq work - 02/22/2026 (Login to read Full story)
Editor's note: This story first appeared in the Feb. 26, 2006, issue of Petroleum News.
The U.S. Army Corps of Engineers has issued the permit for development of Kerr-McGee's Nikaitchuq oil and gas project in the shallow waters of the Beaufort Sea off Alaska's North Slope.
The permit, POA-2005,1243....
States withdraw from ANWR legal challenge - 02/22/2026 (Login to read Full story)
On Feb. 9 the plaintiffs in an Alaska District Court case in which 15 states had challenged the legality of plans to hold oil and gas lease sales in the coastal plain of the Arctic National Wildlife Refuge asked the court to terminate the case. On Dec. 17 of last year Judge Sharon Gleason had order.... |
