Page 92 - Dec News Today

In April of last year GeoAlaska LLC, owned by Dr. Paul Craig, proposed a South Augustine Island noncompetitive geothermal prospecting permit. The Alaska Division of Oil and Gas issued a call for public comments and competing proposals in June 2021, but no competing proposals or comments were receive...

According to an April 26 report by The Center Square, 16 Republican attorneys general, led by Montana Attorney General Austin Knudsen, have called on President Joe Biden to reinstate the permit for the Keystone XL pipeline after learning that his administration wants to increase oil imports from Can...

The U.S. Department of the Interior issued a record of decision April 25 on the integrated activity plan for the National Petroleum Reserve-Alaska, rejecting the 2020 IAP in favor of the more restrictive leasing in the 2013 IAP. The record of decision, or ROD, was the expected outcome following the...

Alaska North Slope crude rose 2 cents April 27 to close at $109.69 per barrel. West Texas Intermediate jumped 32 cents to close at $102.02 and Brent gained 33 cents to close at $105.32. The modest gains for the day belied the choppy trading week that preceded it. ANS rose $2.93 April 26 to close at...

Alaska North Slope production averaged 490,268 barrels per day in March, down 2.4%, 12,174 bpd, from a February average of 502,443 bpd, and down 2% from a March 2021 average of 500,082 bpd. Crude oil production averaged 430,183 bpd, 87.7% of ANS production, down 2.4%, 10,672 bpd, from a February av...

Hilcorp Alaska is requesting another delay in unit contraction at Ninilchik as it continues to delineate reserves within the unit, according to an April 18 letter from Cody Terrell, Hilcorp Alaska landman, to Alaska Division of Oil and Gas Director Derek Nottingham. Terrell said Hilcorp is requesti...

In 1990 Iraq invaded Kuwait and North Slope crude soared to $30 a barrel. But the bump in oil price did not immediately translate into increased North Slope development and production, in part because the price did not remain in the $30s, but often sank into the low $20s and teens, averaging $21.50...

The years immediately following the mid-December 1981 startup of the Kuparuk River oil field saw major facilities work completed at the field, with the addition of the second and third central processing facilities and the seawater treatment plant, construction of drill sites and an expanded Kuparuk...

Alaska North Slope crude fell 26 cents April 20 to close at $110.60 per barrel, as West Texas Intermediate gained 19 cents to close at $102.75 and Brent fell 45 cents to close at $106.80. April 20 trading was a tug of war between fears of demand destruction and fears of supply disruption sending pri...

The Alaska Oil and Gas Conservation Commission has approved an application from Vision Operating for underground disposal of Class II oil field waste fluids at its Kenai Peninsula North Fork unit. The commission said injection operations cannot begin until it issues, and the U.S. Environmental Prot...