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Gas wells online
- 08/03/2025 (Login to read Full story)
On July 24, HEX Cook Inlet's wholly owned subsidiary Furie Operating Alaska brought online its two new gas wells in the Kitchen Lights unit, or KLU. The wells are performing as designed at more than 3 million cubic feet of natural gas per day.
On July 25, lender AIDEA, the Alaska Industrial Developm....
Trade deals perk ANS
- 08/03/2025 (Login to read Full story)
Crude oil futures rose slightly July 30 on continued bullishness arising out of President Donald Trump's tightened deadline for Russia to end its war in Ukraine, coupled with threatened tariffs on countries that purchase Russian crude. West Texas Intermediate gained 79 cents to close at $70 per barr....
Seismic moves ahead
- 08/03/2025 (Full story)
The Alaska Industrial Development and Export Authority, or AIDEA, is looking for assistance from qualified and experienced professionals to assist in addressing the critical permitting, regulatory, operational, and technical requirements to support a phased, multi-year 3D seismic acquisition program....
Sidebar: Old data
- 08/03/2025 (Login to read Full story)
When Congress created the 19 million acre Arctic National Wildlife Refuge in 1980, it set aside 1.57 million acres for resource development, known as the 1002 Area, because of its oil and gas potential.
The assessment of the 1002 Area's resource potential of 7.3 billion barrels of economically re....
Oil patch insider: ASRC 55,000 acres remaining under
land transfer act; VOICE speaks out
- 08/03/2025 (Login to read Full story)
After NANA Regional Corp. expressed its pleasure at learning 100,000+ acres were being conveyed to it as the first land transfer to an Alaska Native corporation under the Alaska Land Transfer Acceleration Act, their CEO and president thanked President Trump, Interior Secretary Burgum, Alaska's feder....
BLM changes NPR-A policies to encourage oil & gas development
- 08/03/2025 (Login to read Full story)
The U.S. Department of the Interior has announced that the Bureau of Land Management is rescinding three policy documents that the Biden administration had issued to increase restrictions on activities in special areas in the National Petroleum Reserve-Alaska. Coming in the wake of BLM's moves to ch....
Quokka 1 appraisal well on‐track to be drilled by second quarter 26 - 08/03/2025 (Login to read Full story)
Oil Search (Alaska), Santos Ltd.'s operating subsidiary in Alaska and operator of the Quokka unit, or QKU, on the North Slope, filed an annual progress report that was recently posted on Alaska's Division of Oil and Gas website.
The letter was dated June 27 and was signed by Mark Ireland, senior vic....
2nd qtr '27 Horseshoe well target to avoid $3.25 million bond loss - 08/03/2025 (Login to read Full story)
When the Horseshoe unit was approved in 2022, the exploration plan called for an appraisal or exploration well to be drilled before the end of the winter 2023-24 season. If the well was not drilled, the state required posting of a $3.25 million performance bond by July 1, 2024, to be forfeited if th.... |
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Baker Hughes US rig count down 2 to 542 - 08/03/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 542 on July 25, down by two from the previous week ' a return to decreases in the rig count after a gain of seven rigs, all targeting natural gas, the preceding week. Over the past 12 weeks, only last week had an increase, with the overall count down....
Alaska-Mackenzie Rig Report - 08/03/2025 (Login to read Full story)
Alaska-Mackenzie Rig Report: You must be a logged in subsceiber to read this report.....
ANS June production down 3June ANS production down 3.5% from - 08/03/2025 (Login to read Full story)
Alaska North Slope liquids production averaged 462,689 barrels per day in June, down 16,673 bpd, 3.48%, from a May average of 479,361 bpd, but up 4.93% from a June 2024 average of 440,929 bpd.
ANS crude averaged 414,566 bpd in June, 89.6% of the total, down 11,859 bpd, 2.78%, from a May average of....
Sidebar: Cook Inlet gas down 2.5% - 08/03/2025 (Login to read Full story)
Natural gas production in Cook Inlet averaged 189,098 thousand cubic feet per day in June, down 4,757 mcf per day, 2.45%, from a May average of 193,855 mcf per day and down 3.29% from a June 2024 average of 195,518 mcf per day.
Volumes are calculated from Alaska Oil and Gas Conservation Commission....
AIDEA applies for West Susitna road permit - 08/03/2025 (Login to read Full story)
On July 25 the Alaska Industrial Development and Export Authority announced that it had applied to the U.S. Department of the Army for a permit for planned road construction in AIDEA's West Susitna Access Project. The project involves the building of a 78.5-mile road from the west side of the Susitn....
This month in history: Pioneer options Cosmopolitan
- 08/03/2025 (Login to read Full story)
Editor's note: This story first appeared in the Aug. 7, 2005, issue of Petroleum News.
Pioneer Natural Resources said Aug. 1, 2005, that its Alaska subsidiary has signed an agreement with ConocoPhillips Alaska to acquire up to 50% working interest and potentially become operator of the Cosmopolitan....
Oil patch bits: Alaska West Express honored with Career Catalyst Award - 08/03/2025 (Login to read Full story)
As reported by Lynden News July 11, Alaska West Express was one of only 16 carriers in the nation to receive the Next Generation in Trucking Association's 2025 Career Catalyst Award. The certificate of recognition is in honor of outstanding commitment to fostering career growth, mentorship and profe.... |
