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Revenue budget forecast up from mid-March - June 26, 2022

In its spring revenue forecast, released in mid-March, the Alaska Department of Revenue forecast oil at $91.68 per barrel for the current fiscal year, FY2022, and $101 per barrel for FY 2023. In a June 20 release, Revenue said it is now forecasting oil at $91.90 per barrel for FY22, up 22 cents fro...
United States Kristen Nelson Alaska Department Of Revenue Petroleum News Alaska Department Department Of Revenue

Ensuring gas supplies - June 26, 2022 - Petroleum News

During a Regulatory Commission of Alaska public meeting on June 8 officials of Cook Inlet Natural Gas Storage Alaska described actions that they have taken in the past year to ensure the continuing reliability of the natural gas storage services that they provide for electric and gas utilities in So...
United States Alan Bailey Petroleum News Duringa Regulatory Commission Of Alaska Regulatory Commission Cook Inlet Natural Gas Storage Alaska

Oil patch bits: PumpTech acquires Frost Engineering Service Company NW - June 26, 2022

As reported by Pike Street Capital LLC June 7, Pike Street portfolio company PumpTech LLC announced the acquisition of Frost Engineering Service Company-Northwest, a provider of industrial engineering solutions for the oil and gas, petrochemical, manufacturing, and other industries. Frost Engineerin...
Frost Engineering Service Company Petroleum News Pike Street Capital Pike Street Frost Engineering Service Company Northwest

Series celebrates TAPS 45th anniversary - June 26, 2022

Alyeska Pipeline Service Co., operator of the trans-Alaska pipeline system, is celebrating the 45th anniversary of TAPS with stories. This series, which will release two to three stories a week through the summer, contains content commemorating every year of operations since startup in 1977. The...
United States Yukon River Jeff Streit Alyeska Pipeline Service Co Petroleum News Galbraith Lake

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Factors pushing gasoline prices higher - June 19, 2022

There is little evidence that gasoline prices, which hit a record $5 a gallon June 11, will drop anytime soon. Rising prices at the pump are a key driver in the highest inflation that Americans have seen in 40 years. Everyone seems to have a favorite villain for the high cost of filling up. Some...
United States Business Writer Petroleum News Oil Price Oil Production Climate Change

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