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ANS holds mid-$70s - 02/02/2025 (Login to read Full story)
Alaska North Slope crude dropped 92 cents Jan. 29 to close at $74.37 per barrel, while West Texas Intermediate dropped $1.15 to close at $72.62 and Brent dropped 91 cents to close at $76.58.
The benchmarks posted their lowest closing prices of the year so far after U.S. Energy Information Administra....
A gas supply lawsuit
- 02/02/2025 (Full story)
Anchorage based gas utility Enstar Natural Gas Co. has filed a lawsuit in Alaska Superior Court against Hilcorp Alaska over a refusal by Hilcorp to supply some gas to Enstar because of the timing with which Enstar is injecting gas into the Cook Inlet Natural Gas Storage Alaska facility on the Kenai....
Continued growth in oil
- 02/02/2025 (Login to read Full story)
The Alaska Department of Natural Resources has a positive outlook on North Slope production for the next 10 years. In contrast to 10 years ago, when the 10-year outlook saw dropping production, the current 10-year forecast shows production rising to more than 600,000 barrels per day as big new proje....
Hilcorp's Cook Inlet acreage has seen extensive amount of drilling - 02/02/2025 (Login to read Full story)
Luke Saugier, Hilcorp's senior vice president, Alaska, defended the company's natural gas drilling in Cook Inlet at a Jan. 22 meeting of the Alaska Senate's Resources Committee.
The company has seven active rigs in Cook Inlet and drilled 18 wells in the basin in 2023 and 21 wells in 2024.
(See map....
Furie plans up to 2 wells at KLU; access to jack-up limiting factor
- 02/02/2025 (Login to read Full story)
Furie Operating Alaska has its new well, a sidetrack, online at the Kitchen Lights unit in Cook Inlet, Mark Slaughter, the company's chief commercial officer, told the Alaska Senate's Resources Committee Jan. 22, with up to two more wells planned at Kitchen Lights this year.
(See chart in the onlin....
ANWR appeal dismissed following recent issue of lease sale SEIS - 02/02/2025 (Login to read Full story)
On Jan. 24, following a request by plaintiffs in the case, the U.S. Court of Appeals for the 9th Circuit dismissed an appeal by the Alaska Industrial Development and Export Authority, the North Slope Borough and Kaktovik Inupiat Corp. against the June 2021 suspension of oil and gas lease related act....
ANS production down 0.8% month over month
- 02/02/2025 (Login to read Full story)
Alaska North Slope production averaged 482,485 barrels per day in December, down 3,765 bpd, 0.77%, from a November average of 486,248, and down 0.04% from a December 2023 average of 482,659 bpd. Crude oil averaged 426,650 bpd in December, 88.43% of total volume, down 3,958 bpd, 0.92%, from a Novembe.... |
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Sidebar: Cook Inlet gas down 2%
- 02/02/2025 (Login to read Full story)
Natural gas production in Cook Inlet averaged 186,431 thousand cubic feet per day in December, down 3,879 mcf per day, 2.04%, from a November average of 190,311 mcf per day and down 12.48% from a December 2023 average of 213,023 mcf per day.
Volumes are calculated from Alaska Oil and Gas Conservati....
Alaska-Mackenzie Rig Report - 02/02/2025 (Login to read Full story)
Alaska-Mackenzie Rig Report - You must be a logged in subscriber to read this report.....
Baker Hughes US rig down by 4 at 576 - 02/02/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 576 on Jan. 24, down by four from the previous week, down by 45 from 621 a year ago and down eight from two weeks ago. Over the last eight weeks the rig count was unchanged in four weeks, down in three and up in one week with a loss of 13 and a ga....
Cook Inlet tidal energy project progresses - 02/02/2025 (Login to read Full story)
In a recent news release Ocean Renewable Power Co. announced progress in its planned development of a tidal power generation system in the waters of Cook Inlet, offshore the East Foreland area of the Kenai Peninsula. ORPC proposes to install turbine water current generators at the site, with a subma....
Division approves new well at Deep Creek
- 02/02/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved a unit plan of operations amendment for the Deep Creek unit.
The Jan. 28 decision said Hilcorp Alaska applied to drill a new grassroots well from the Happy Valley B Pad, with associated project work including tie-in in....
This month in history: Brooks Range prepares to drill Slope well - 02/02/2025 (Login to read Full story)
Editor's note: This story first appeared in the Feb. 6, 2005, issue of Petroleum News.
Just days before the partial results of a 2004 Wood Mackenzie study on the profitability of oil and gas regions around the world showed Alaska as one of the most profitable provinces at oil prices above $22 per ba....
Oil patch bits: Alaska Resource Education rewarded DOE education grant - 02/02/2025 (Login to read Full story)
Alaska Resource Education said Jan. 25 that it is excited to announce the U.S. Department of Energy has awarded ARE up to $300,000 in funding as part of its Clean Energy Careers for All program. The program supports educational nonprofits with a mission of spreading awareness about careers in the en.... |
