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Fall Revenue Sources Book: ANS oil price up, but production down - January 07, 2024

The Alaska Department of Revenue ....

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AOGCC approves vertical expansion of AIO - January 07, 2024

The Alaska Oil and Gas Conservation Commission has approved a request from Colville River unit operator ConocoPhillips Alaska to expand the vertical limits of the area injection order for the Qannik oil pool to match a previous approval by the commission expanding the vertical extent of the oil pool. ....

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On Dec. 22, ConocoPhillips announced a Final Investment Decision, or FID, for its $7 billion to $7.5 billion Willow project in the National Petroleum Reserve-Alaska. Willow is located just 8 miles from existing ConocoPhillips infrastructure.
The company has developed more than 120 drill sites conne. ....

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ANS up on Libya cut - January 07, 2024 - Petroleum News

Alaska North Slope crude took a sharp turn higher Jan. 3 after production was curtailed at a major Libya oilfield due to social unrest, boosting fears of disruptions to world oil supplies from Middle East tensions.
ANS leapt $2.36 on the day to close at $79.14 per barrel. West Texas Intermediate jum. ....

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New wells planned at Prudhoe, Duck Island - January 07, 2024

Prudhoe Bay operator Hilcorp North Slope has received approval from the Alaska Department of Natural Resources, Division of Oil and Gas for up to five new grassroots wells at drill site 11, while Hilcorp Alaska has received division approval for two grassroot wells at the Duck Island unit which it o. ....

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