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ANS steady above $70
- 07/06/2025 (Login to read Full story)
Alaska North Slope crude surfed near to but not below $70 per barrel after a crude price plunge -- precipitated by a shrinking war premium -- spawned a trading week that saw West Texas Intermediate and Brent trading in the mid-$60s.
Following a peace pact between Israel and Iran, announced the prev....
A year of much change
- 07/06/2025 (Login to read Full story)
An underlying message from the Energy Institute's Statistical Review of World Energy for 2024 is that, while the year saw a significant surge in global energy demand, the manner in which energy was supplied to meet that demand varied greatly across different parts of the world. Both renewable energy....
Donkel exploration plan
- 07/06/2025 (Login to read Full story)
Donkel Oil and Gas submitted a plan of exploration, or POE, for the Greater Point Thomson unit, or GPTU, as part of its application to form the unit (see related stories in last week's Petroleum News).
The GPTU was recently conditionally approved by the Alaska Department of Natural Resources' Divisi....
Hilcorp plans future Pt Thomson drilling; prep work in 2025-2026
- 07/06/2025 (Full story)
Point Thomson operator Hilcorp Alaska is planning work at the unit to prepare for future drilling activity. No date is given for drilling, but projects to prepare for drilling are in 2025 and 2026, the Alaska Department of Natural Resources' Division of Oil and Gas said June 30 in approving a unit p....
Methane hydrate work on North Slope to be extended to 2028
- 07/06/2025 (Login to read Full story)
ASRC Energy Services Alaska has received authority from the Alaska Department of Natural Resources' Division of Oil and Gas to extend its methane hydrate production test program at the 7-11-12 pad on the North Slope through August 2028.
In a June 26 plan of operations amendment decision the divisio....
AOGCC fines Hilcorp for Beluga River shallow well perforations
- 07/06/2025 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission is proposing to fine Hilcorp Alaska $88,000 for perforating two Beluga River wells, BRU 241-23 and BRU 211-35, at shallower depths than those approved. The agency said in its June 26 decision that the fine is 10% above past fines because of similar unau....
Baker Hughes US rig count down 7 to 547 - 07/06/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 547 on June 27, down by seven from the previous week -- the ninth consecutive week of drops. The count was down by 34 from 581 a year ago, down by eight from two weeks ago and down 37 over the nine weeks. This is the lowest the rig count has been sinc.... |
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Alaska-Mackenzie Rig Report - 07/06/2025 (Login to read Full story)
Alaska-Mackenzie Rig Report - You must be a logged in subscriber to read this report.....
May ANS production steady at 479,361 bpd
- 07/06/2025 (Login to read Full story)
Alaska North Slope production averaged 479,361 barrels per day in May, up 0.3%, 716 bpd, from an April average of 477,907 bpd and up 3.96% from a May 2024 average of 461,101 bpd. Crude averaged 426,426 bpd, 88.96% of the total, up 1,504 bpd, 0.35%, from an April average of 424,922 bpd and up 4.41% f....
Sidebar: Inlet gas down slightly
- 07/06/2025 (Login to read Full story)
Cook Inlet natural gas averaged 193,855 thousand cubic feet per day in May, down 252 mcf per day, 0.13%, from an April average of 194,107 mcf per day and down 4.97% from a May 2024 average of 203,995 mcf per day.
The six most productive fields, each producing 5% or more of the total volume, account....
Various Slope facility projects in works
- 07/06/2025 (Login to read Full story)
Three North Slope facility projects are approved or in the works, according to the Alaska Department of Natural Resources' Division of Oil and Gas. The division has approved ConocoPhillips Alaska's maintenance pad expansion at the Kuparuk River unit, and two other projects are out for public comment....
Division approves 3 Cook Inlet area PODs
- 07/06/2025 (Login to read Full story)
Annual plans of development for three of Hilcorp Alaska's Cook Inlet area properties, two small gas fields and a gas storage pool, have been approved for Aug. 1 through July 31, 2026. In June 26 decisions the Alaska Department of Natural Resources' Division of Oil and Gas approved plans for the Cann....
First Railbelt reliability standards OK'd - 07/06/2025 (Login to read Full story)
The Regulatory Commission of Alaska has approved the first tranche of reliability standards developed by the Railbelt Reliability Council for the Railbelt electricity generation and transmission system. The new standards are designed to ensure that interconnections on the high voltage electrical sys....
Oil patch bits: Volvo Construction Equipment expands North American production - 07/06/2025 (Login to read Full story)
Construction Machinery Industrial LLC said June 17 that Volvo Construction Equipment recently announced a significant expansion of its manufacturing footprint in North America, investing $261 million globally to meet increasing customer demand and improve supply chain resilience.
The Shippensburg, P.... |
