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Week of July 14, 2019

  • Placer terminated - 07/14/2019  The increasingly bitter dispute between Alaska's Division of Oil and Gas and ASRC Exploration appears to focus on two related issues. For AEX, a subsidiary of Arctic Slope Regional Corp., the issue seems to be the challenge of developing the small oil field (small by North Slope elephant standards)....

  • Deep Creek contracted - 07/14/2019  The Alaska Department of Natural Resources' Division of Oil and Gas has denied a request from Hilcorp Alaska for another extension of contraction of non-participating area portions out of the Cook Inlet Deep Creek unit. Units contract to the area contained in producing participating areas 10 years a....

  • Gas on collision course - 07/14/2019  For years natural gas has sheltered itself in a self-proclaimed world of clean energy ... well, at the very least, cleaner than its first cousin, crude oil. Now that boast, which has just started to generate handsome returns from such products as liquefied natural gas and compressed natural gas and....

  • Airborne surveys over ANWR 1002 unlikely but USGS still releasing new geologic data prior to lease sale - 07/14/2019  With SAExploration's 3D seismic survey delayed until next winter, there will be less data about the geologic potential of the ANWR 1002 area available to bidders in the federal lease sale later this year. “The latest news indicates that an airborne gravity gradiometry survey, which has been discusse....

  • ANWR border dispute talks fail; IBLA ruling expected by year-end - 07/14/2019  The high-level talks to resolve the ANWR border dispute between the U.S. Department of the Interior and the Alaska governor's office either failed or never materialized because both a state and a federal official told Petroleum News they are waiting for a ruling on the matter from Interior's Board o....

  • Clarification regarding Eni's Nikaitchuq, Oooguruk processing - 07/14/2019  The June 30 issue of Petroleum News carried a story titled, “Eni takes over at Oooguruk on Aug. 1; to finish drilling, test Nikaitchuq North well in 2020,” reporting on news that Eni had taken over 100% ownership and operatorship of the North Slope Oooguruk unit, which is adjacent to Eni's Nikaitchu....

  • Kalubik Creek exploration site cleanup includes piling removal - 07/14/2019  Final cleanup is scheduled this summer for an exploration well drilled some 50 years ago with the debris removal plan, prepared by Weston Solutions Inc. for Chevron Environmental Management Co., targeting surface debris, including 55-gallon drums and wooden pilings from a drilling platform. Unocal....


  • Jade on target with Sourdough permitting - 07/14/2019  Permitting for Jade Energy LLC’s new Sourdough well on the eastern North Slope is on track member-manager Erik Opstad told Petroleum News July 10. Opstad oversees Jade’s operations in Alaska and is a 50% owner. The company plans to drill an oil well in the first quarter of 2020 in the Sourdough pros....

  • Cryo: cutting edge cuttings analysis - 07/14/2019  A cutting-edge technology to analyze volatiles from drill cuttings via a cryo trap mass spectrometer can provide significant cost savings compared to conventional methods of petroleum system analysis, according to Mike Smith, President of Advanced Hydrocarbon Stratigraphy Inc. “It’s a pretty inexpen....

  • US drilling rig count down 4 at 963 - 07/14/2019  On July 3, prior to the Fourth of July holiday, the number of rigs drilling for oil and natural gas in the U.S. was down four from the previous week at 963. A year ago, the count was 1,052 active rigs. Houston oilfield services company Baker Hughes reported that 788 rigs targeted oil (down five fro....

  • US crude production continues record rate - 07/14/2019  Brent crude oil spot prices averaged $64 per barrel in June, down $7 from May and down $10 from June 2018, the U.S. Energy Information Administration said in its July Short-Term Energy Outlook, released July 10. The agency said it expects Brent to average $67 per barrel in the second half of 2019 an....

  • Big lift to Canadian Atlantic LNG venture - 07/14/2019  After years of making measured progress towards a final investment decision on the first LNG project for Canada’s Atlantic Coast, Pieridae Energy has taken a giant leap forward. It is paying C$175 million in cash and issuing C$15 million worth of shares to Royal Dutch Shell as it closes in on securi....

  • Oil patch bits: The Alliance seeks nominations for board members - 07/14/2019  The Alliance Board Nominations & Elections Committee said July 1 that it is seeking members to serve on the Alliance Board of Directors. There are seven, three-year terms available in the FY 2020 election. Election results will be announced at the annual meeting on Oct. 17. Newly elected members wil....
































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