|
Banner season - 05/12/2024 (Full story)
is "wrapping up" its first major winter construction season at its Willow project in the National Petroleum Reserve-Alaska "this week," company Chairman and CEO Ryan Lance said May 2 in prepared remarks for a first quarter earnings conference call.
(See chart in the online issue PDF)
In the Q&A ses....
ANS outperformance
- 05/12/2024 (Login to read Full story)
Alaska North Slope crude rose 47 cents May 8 to close at $86.12 per barrel and hold its commanding premium over West Texas Intermediate and Brent. WTI gained 61 cents to close at $78.99 and Brent rose 42 cents to close at $83.58.
At the end of the day, ANS sported a $7.13 premium over WTI and a $2.5....
Ninilchik drilling shift?
- 05/12/2024 (Login to read Full story)
Hilcorp Alaska has been actively expanding natural gas production from its Ninilchik unit on the Kenai Peninsula, taking the field from annual production of 11.1 billion cubic feet in 2021 to 13 bcf in 2022 and 15.8 bcf in 2023.
Exploration and drilling have recently been focused at the southern en....
Oil patch insider: Santos, Repsol reportedly look to
sell 20-25% Pikka; Pokon DEC head - 05/12/2024 (Login to read Full story)
According to recent reports from several news sources that have not been confirmed by Pikka project owners Santos and Repsol, the partners are looking to sell a 20-25% non-operating interest in the phased North Slope project, along with interests in nearby undeveloped Quokka and Horseshoe oil fields....
Is CBM a possibility at Hilcorp's Seaview? New well may be drilled
- 05/12/2024 (Login to read Full story)
Hilcorp Alaska is continuing to study its best options forward at Seaview, the newest and most southerly of the company's onshore Cook Inlet natural gas fields, which produced from June 2021 through August 2022 and has been shut-in since.
Hilcorp filed its fifth plan of development for Seaview with....
Part 2: Nanushuk Oil Pool AIO for Pikka enhanced oil recovery
- 05/12/2024 (Login to read Full story)
On April 16, Santos subsidiary Oil Search (Alaska) LLC, or OSA, as the operator of the Pikka unit applied to the Alaska Oil and Gas Conservation Commission for an Area Injection Order to allow enhanced oil recovery in the Nanushuk Oil Pool.
Conservation Order 807, issued on July 20, 2023, defined th.... |
|
EIA forecasts solar to exceed hydro in '25
- 05/12/2024 (Login to read Full story)
The U.S. Energy Information Administration is forecasting that generation of electricity in the U.S. will grow by 3% this year and by 1% in 2025, with the increase powered by renewables, primarily solar power.
In its May Short-Term Energy Outlook, issued May 7, EIA said it expects solar, wind and h....
Baker Hughes US rig count down 8 to 605
- 05/12/2024 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 605 the week ending May 3, down by eight rigs from 613 the previous week, and down by 143 from 748 a year ago, following a drop of six rigs last week. The rig count was down in six and up in two of the last eight weeks, with a loss of 26 against a....
Hilcorp permits new well at Cannery Loop
- 05/12/2024 (Login to read Full story)
In the 45th plan of development for the Cannery Loop unit, submitted to the Alaska Department of Natural Resources' Division of Oil and Gas May 1, Hilcorp Alaska said that pending results from the CLU-16 grassroots well, it could drill additional wells, all targeting the Lower Beluga sands.
Cannery....
New well possible at Hilcorp's Deep Creek - 05/12/2024 (Login to read Full story)
Hilcorp Alaska is looking at the possibility of a new well at its Deep Creek gas field on the Kenai Peninsula, the company told the Alaska Department of Natural Resources' Division of Oil and Gas in the 21st plan of development for the unit, filed May 1, and covering Aug. 1 through July 31, 2025.
A....
Coastal areas still open for tundra travel - 05/12/2024 (Login to read Full story)
The state's eastern and western coastal areas remain open for tundra travel, the Alaska Department of Natural Resources' Division of Mining, Land and Water said in a May 6 update.
The areas were sampled the week of April 29 through May 3. "Weather patterns and ambient temperatures have been consist....
Oil patch bits: ABR Inc. hires new administration manager - 05/12/2024 (Login to read Full story)
ABR Inc. announced recently that Emilie Wright has joined the company with over a decade of experience managing employees, business operations and contracts while providing exceptional administrative support. Wright holds an MBA from the University of Alaska Fairbanks and a B.S. in human and organiz.... |
