Page 35 - Dec News Today

The Alaska Department of Natural Resources

On March 3, 2023, Vision Operating LLC was given an 18-month delay in the mandatory contraction of its North Fork unit on the southern Kenai Peninsula by Alaska

Hilcorp is a major oil and gas producer in Alaska, active both in Cook Inlet and on the North Slope, and while Cook Inlet accounts for only a minority of the oil Hilcorp produces in Alaska, it accounts for all its natural gas production, sold to Southcentral utilities and used for heating and genera...

Activity levels are high on the North Slope and are trending in an exciting direction for Alaska. The investment and hard work that is occurring to make these developments happen is impressive as the state is entering an era of exploration and development more promising than any time since Prudhoe B...

On Aug. 16, 2022, Santos Ltd. (51%) and its joint venture partner Repsol (49%) took a final investment decision to proceed with the US$2.6 billion Phase 1 of their Pikka development project west of Alaska

In recent years, the Nicolai Creek unit has stood on the edge of precipice of capital. The onshore field on the west side of Cook Inlet continues to produce sufficient quantities of natural gas to justify its existence, but operator Amaroq Resources Inc. has frequently acknowledged that essential in...

Crude prices plummeted for the second day in a row Nov. 8, taking the commodity to lows not seen since mid-July. Alaska North Slope crude dove $2.13 on the day to close at $82.56 per barrel, while West Texas Intermediate dove $2.04 to close at $75.33 and Brent dove $2.07 to close at $79.54. On Oct....

The Baker Hughes

After a lull of a couple of years as a consequence of the COVID pandemic, oilfield development drilling on the North Slope and in the Cook Inlet region picked up significantly in 2022, according to data available on the Alaska Oil and Gas Conservation Commission website. On the North Slope the numbe...

BlueCrest Alaska Operating LLC expects to soon resume drilling operations at its Cosmopolitan unit after a three-year pause. The reasons for the pause are known: a pandemic, oil price fluctuations, and uncertain financial markets and tax regimes. The thin silver lining is easy to overlook. With that...