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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Production up - 01/30/2022 (Login to read Full story) Alaska North Slope production was up by 2% from fiscal year 2020 to FY2021, a 5% increase over the forecast for FY21, Maduabuchi Pascal Umekwe, Ph.D., reservoir engineer with the Alaska Division of Oil and Gas, told the Senate Finance Committee Jan. 19, as the Department of Natural Resources present....

  • ANS tops 90 bucks - 01/30/2022 (Full story) Alaska North Slope crude broke the $90 mark Jan. 26, settling at $90.51 per barrel — a gain of $1.68 over the previous day's close. West Texas Intermediate gained $1.75 to close at $87.35, while Brent gained $1.76 to close at $89.86. Brent broke above $90 in early trading, rising to $90.35, but it s....

  • Theta West 1 well spud - 01/30/2022 (Full story) London-based Pantheon Resources Plc said Jan. 24 that it spud its Alaska North Slope Theta West 1 well on Jan. 21 using the Nordic Calista Rig 3, as planned. Pantheon's Alaska subsidiary Great Bear Pantheon holds a 100% interest in the well. Prior to moving eight and a half miles west to the Theta W....

  • Supreme Court agrees to pick up appeal over WOTUS interpretation - 01/30/2022 (Login to read Full story) The U.S. Supreme Court has agreed to review a 9th Circuit Court of Appeals ruling, upholding the Environmental Protection Agency's interpretation of what constitutes the waters of the United States, or WOTUS. This issue is critically important in Alaska, with its myriad of waterways and wetlands — a....

  • Geothermal bills goal to encourage resource exploration & development - 01/30/2022 (Login to read Full story) Two bills, Senate Bill 104 and House Bill 135, introduced by Gov. Mike Dunleavy during last year's legislative session to revise statutes relating to geothermal energy exploration and development, are continuing to move through the Senate and House. On Jan. 21 officials from the Alaska Department of....

  • AOGCC v French dispute over scope of agency authority continues - 01/30/2022 (Login to read Full story) In February 2019 Hollis French, formerly commission chair at the Alaska Oil and Gas Conservation Commission, petitioned the commission to hold a hearing on a complaint of waste from a 2017 fuel gas leak in Cook Inlet. After the commission denied the petition for a hearing, followed by two rounds in....

  • UAA, ConocoPhillips name receivers of Arctic science, engineer'g award - 01/30/2022 (Login to read Full story) Recently the University of Alaska Anchorage and ConocoPhillips Alaska announced the 2022 recipients of the ConocoPhillips Arctic Science and Engineering Endowment Award. The endowment is one of the largest in the University of Alaska System and provides awards to recipients who have demonstrated po....

  • PODs approved for Duck Island, Northstar - 01/30/2022 (Login to read Full story) The Alaska Division of Oil and Gas has approved plans of development for two of the North Slope's smallest units, Duck Island and Northstar, both operated by Hilcorp Alaska. In Jan. 20 approvals, signed by acting Director Justin Black, the division said neither POD includes any new wells, but both....

  • ANS volumes up 1.2% month-over-month - 01/30/2022 (Login to read Full story) Alaska North Slope crude oil and natural gas liquids averaged 503,128 barrels per day in December, up 1.2%, 5,213 bpd, from a November average of 497,281 bpd and down 0.8% from a December 2020 average of 507,185 bpd. Crude was 87.8% of the total, 441,594 bpd, up 1.2%, 5,213 bpd, from a November ave....

  • Sidebar: Cook Inlet gas production down marginally - 01/30/2022 (Login to read Full story) Natural gas production in Cook Inlet averaged 204,415 thousand cubic feet per day in December, down 0.8%, 1,585 mcf per day, from a November average of 205,988 mcf per day and down 9.5% from a December 2020 average of 225,968 mcf per day. Volumes are from the Alaska Oil and Gas Conservation Commiss....

  • The intricacies of Nanushuk geology - 01/30/2022 (Login to read Full story) Alaska's Division of Geological and Geophysical Surveys has published three new reports, describing in detail the geology and oil reservoir characteristics of the Nanushuk formation, the formation that hosts recent major new oil discoveries on the North Slope. The Willow, West Willow, Pikka, Narwhal....

  • US rotary drilling rig count 604, up by 3 - 01/30/2022 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count was 604 the week ending Jan. 21, a gain of three rigs over the previous week and up by 226 from a count of 378 a year ago. When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based o....

  • Oil patch bits: Kelly Droop named new COO for Colville - 01/30/2022 (Login to read Full story) Dave Pfeifer, CEO of Colville Inc., said Jan. 25 he is pleased to announce that effective Feb. 2, Kelly Droop will become the company's chief operating officer. In her new role at Colville, Droop will manage day to day operations of the company's state-wide facilities and tanker truck fleet, which i....

  • Oil patch bits: Calista Corp. allocates remaining CARES Act funds - 01/30/2022 (Login to read Full story) As reported on calistacorp.com Jan. 18, Calista Corp. has coordinated the remaining CARES Act tribal relief funds to provide meaningful impact to shareholders in the YK Region — through food security, ice roads — and to those experiencing homelessness. In August 2021, Calista received $12.2 million....

  • Oil patch bits: EXP announces new Anchorage office location - 01/30/2022 (Login to read Full story) EXP Energy Services said recently that it has moved its Anchorage office to 725 E. Fireweed, Suite 300, located in the CIRI Fireweed Business Center. EXP has continuously operated in Alaska since 2009 providing environmental, regulatory, engineering and geomatics services. With more than 50 years w....

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  • Court confirms Furie's plan for Ch. 11 sale to Hex 06/12/2020
  • Restructured, renamed Hex nears closing date on Furie assets 06/04/2020
  • RCA approves Chugach Electric purchase of ML&P 05/29/2020
  • Hilcorp gets approval for Whiskey Gulch strat test plan 05/22/2020
  • Alaska Gasline Development receives FERC approval 05/21/2020

    The eAlert News Bulletin Service is our premier information service. Often delivered multiple times per week by email, it provides the latest breaking news for the oil and gas industry.
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