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Week of February 17, 2019

  • Facts you need ... - 02/17/2019  Although recent news reports suggest a partial 3-D seismic survey might still be shot this winter in the ANWR 1002 area, the odds of that happening are slim. That said, there is other valuable geologic information coming from Interior's U.S. Geological Survey that will help bidders in the upcoming A....

  • Well integrity examined - 02/17/2019  Following incidents involving oil and gas leaks at the wellheads of two wells in the Prudhoe Bay field, the Alaska Oil and Gas Conservation Commission is conducting an inquiry into the overall integrity of wells in the field. BP has filed testimony with the commission regarding the well integrity is....

  • Notley alienates producers - 02/17/2019  Alberta Premier Rachel Notley is coming under intense fire from two of her province's leading oil producers as she wrestles with a problem of her own making. Now in the second month of her strategy to curtail production in hopes of drawing down storage levels to protect the value of Canada's resourc....

  • Oil patch insider: Walsh resigns as oil, gas director; Oil Search moving to BP building - 02/17/2019  Chantal Walsh has resigned as director of the state of Alaska's Division of Oil and Gas, effective March 1. She is leaving for personal reasons, as she is needed at Petrotechnical Resources of Alaska, or PRA, a consulting firm she and her husband Tom Walsh co-founded in 1997. James “Jim” Beckham, de....

  • Governor moves to dismiss French; dispute over authority of AOGCC? - 02/17/2019  Much is still unknown about the hearing on Gov. Mike Dunleavy's move to oust Hollis French, the current chair of the Alaska Oil and Gas Conservation Commission. It was a three-day “public” hearing which began Feb. 6, but only the third day appears to have been reported, after Alaska Public Media ob....

  • Oil Search reports Pikka B side-track started; Pikka C progressing - 02/17/2019  Oil Search has published a status report for its winter appraisal drilling program in the Pikka unit on Alaska's North Slope. The company is drilling wells to evaluate a major oil pool that it plans to develop in the Nanushuk formation. The wells involved are the Pikka B and sidetrack at the souther....

  • IGU board approves another cost increase for Fairbanks LNG tank - 02/17/2019  There has been a further increase in the cost of building a large liquefied natural gas tank in Fairbanks, as part of a project to bring an expanded natural gas supply to the city. The Interior Gas Utility is constructing the tank as part of the Interior Energy Project, sponsored by the Alaska Indus....

  • Alberta ‘back in business' - 02/17/2019  Alberta is now close to turning the tables after years of ceding petrochemical investment to the United States with an announcement from Pembina Pipeline that it is proceeding with a new C$4.5 billion facility near Edmonton. In partnership with a Kuwait company, Pembina said the plant will convert 2....

  • Alaska job losses slow, population down - 02/17/2019  The lead article in February's Alaska Economic Trends, published by the Alaska Department of Labor and Workforce Development, indicates that the rate of job losses in the state is slowing, as the recession that followed the 2014 oil price crash works its way through the economy. But since 2013 about....


  • EIA forecasts higher volumes, lower prices - 02/17/2019  Forecasts for Brent and West Texas Intermediate crude oil spot prices for this year and next are down in the February Short-Term Energy Outlook from the U.S. Energy Information Administration, while forecasts of U.S. crude oil production are up — both in comparison to the EIA’s January forecasts. E....

  • PODs submitted for Redoubt, West McArthur - 02/17/2019  The Alaska Department of Natural Resources, Division of Oil and Gas, has received new plans of development from Glacier Oil and Gas for the Redoubt and West McArthur River units, both operated by Cook Inlet Energy, a Glacier company. They are among the smaller fields in Cook Inlet: Alaska Oil and G....

  • Boutin named new AIDEA executive director - 02/17/2019  The board of the Alaska Industrial Development and Export Authority has announced the appointment of Tomas Boutin as the authority’s new executive director. Boutin is replacing John Springsteen, who is moving to a new role as AIDEA chief operating officer. “We are pleased to appoint Tom as AIDEA’s n....

  • Division of O&G lists future data releases - 02/17/2019  The Alaska Department of Natural Resources, Division of Oil and Gas, said Feb. 6 that certain exploration well and seismic data will be released within 30 days of the notice. Most of the items are for the Nenana and Yukon Flats basins: *A Nenana and Yukon basins geochem general exploration program....

  • One-year extension for Guitar unit drilling - 02/17/2019  The Alaska Department of Natural Resources has issued a notice of default to Alliance Exploration for the Guitar unit on the North Slope, and has given the company until March 31, 2020, to drill a well in the unit. The company had requested a two-year extension to the drilling commitment. Alliance’s....

  • US drilling rig count at 1,049, up by 4 - 02/17/2019  The number of rigs drilling for oil and natural gas in the U.S. was up by four the week ending Feb. 8 to 1,049. At this time last year there were 975 active rigs. Houston oilfield services company Baker Hughes reported that 854 rigs targeted oil (up seven from the previous week) and 195 targeted na....

  • Date set for spring oil & gas lease sales - 02/17/2019  May 22 is the date set for opening of sealed bids in the state’s spring oil and gas lease sales, the Alaska Department of Natural Resources, Division of Oil and Gas said in sale information posted Feb. 11 on the division’s website. Areawide sales are held in the spring for both Cook Inlet and the A....

  • Petroleum property tax revenue in play - 02/17/2019  Alaska Gov. Mike Dunleavy introduced his budget Feb. 13, and while no new taxes were proposed, he did propose, in Senate Bill 57, removing the ability of cities and boroughs to get property tax revenue from petroleum property. Its title says the bill would repeal “the levy of tax by a municipality....

  • Oil patch bits: Lounsbury announces addition of three new employees - 02/17/2019  Lounsbury and Associates said Jan. 25 that it is pleased to announce addition of three new employees, Bruce Beck as vice president of business development, David Gamez, P.E., joins the engineering group, and Andrew Hamilton joins the surveying group. Beck has nearly 30 years of experience in busine....



























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