Page 18 - Dec News Today

Despite taking a dive on the day Jan. 31, Alaska North Slope crude inched up by 73 cents over the last five trading days of January, and it notched a gain for the first month of 2024 -- up $3.76 or some 5% from its Dec. 29 close of $77.76. It marked the first monthly gain since September. While num...

The latest North Slope and Cook Inlet oil and gas activity maps were recently posted on the Alaska Department of Natural Resources Division of Oil and Gas website (see maps in pdf and print versions of this story). Both maps are dated December 2023 but were released in January 2024 in legislative h...

The Alaska Center for Energy and Power at the University of Alaska, Fairbanks, has published the results of a study into possible strategies for decarbonizing the Alaska Railbelt electricity generation grid by 2050. Rather than developing an actual plan for decarbonization, the purpose of the study...

Activities on a Beluga River unit injection well, BRU 232-09, have been approved for inclusion in the unit plan of operations for the BRU. No surface expansion or alteration to well infrastructure will occur, the Alaska Department of Natural Resources Division of Oil and Gas said in a Jan. 17 lease...

On Jan. 17, a legislative hearing was sponsored by Alaska Sen. Cathy Giessel and Rep. Tom McKay in order to host a Lunch & Learn session about the Cook Inlet hydrocarbon basin by two key members of the Alaska Department of Natural Resources Division of Oil and Gas. Division Director Derek Nottingham...

Chevron is stepping up the streamlining of its Canadian assets by putting its natural gas business in northern Albertas Duvernay natural gas play up for sale in a deal it expects will generate C$1.2 billion. The assets, which yield about 40,000 barrels per day of oil and gas from almost 1,000 square...

Cook Inlet Energy, a Glacier Oil and Gas company, operates the Badami unit on the North Slope under a subsidiary, Savant Alaska. CIE met with Alaska Oil and Gas Conservation Commission staff Oct. 5 for a pre-submittal meeting on permits for the Badami B1-33 and B1-33PH wells and submitted the permit...

The Baker Hughes U.S. rotary drilling rig count was 620 for the week ending Jan. 19, up by one rig from 619 the previous week, and down by 151 from 771 a year ago. The rig count increased four of the last eight weeks, but the overall loss of nine rigs over the period compared to a gain of seven cont...

Hilcorp Alaskas proposed Cottonfield 6 exploration well was a focus of concerns from those living in the area, as the Alaska Oil and Gas Conservation Commission held a hearing on the companys request for a spacing exception Jan. 18 in Anchorage. (See map in the online issue PDF) The company has d...

Alaska North Slope crude pressed higher into the $80s Jan. 24, gaining 70 cents to close at $80.79 per barrel. West Texas Intermediate gained 72 cents on the day to close at $75.09 and Brent added 49 cents to close at $80.04. Prices were supported by a massive 9.2 million barrel drawdown of U.S. co...