Fifteen wells in 2008 12/23/2007
Pioneer close to facilities sharing plan for Oooguruk unit with Kuparuk owners
With facilities construction complete at Oooguruk on the North Slope - as well as at its South Coast Gas project off the coast of South Africa - Pioneer Natural Resources 2008 capital budget is $1 bil...

Investment at risk 11/18/2007
Oil company execs says consequences dire if Alaska hikes taxes again
Investment in Alaska is in jeopardy if the state's oil production tax is overhauled in such a way that it significantly increases the State of Alaska's take, oil company executives told attendees of t...

Blockbuster GOM lease sale 10/07/2007
Central Gulf of Mexico lease sale draws breathtaking $2.9B in high bids
Companies opened their wallets in a spectacular display of spending at Central Gulf of Mexico Lease Sale 205, plunking down $2.9 billion in apparent high bids, by far the best showing for a U.S. Gulf...

Back in the game 09/16/2007
Bill Armstrong team returns to Alaska, this time in the Cook Inlet basin
The independent responsible for bringing three new oil companies to Alaska's North Slope in 2002-05 is back in the state - this time in Southcentral Alaska's Cook Inlet basin. A newly formed, local af...

Eni applies for North Slope Nikaitchuq camp pad 08/19/2007
Eni Petroleum has applied to the Alaska Department of Natural Resources Division of Mining, Land and Water to lease seven acres south of Oliktok Point in the Kuparuk River unit for 25 years. The tract...

PPT to pick up cost increase 08/12/2007
Oooguruk costs up by $50M, but Pioneer expects to recoup via Alaska tax credits
Pioneer Natural Resources' costs for its Oooguruk project have gone up by $50 million - but tax credits under Alaska's new petroleum profits tax have already offset $25 million of that cost and are ex...

Eni applies to roll Tuvaaq, other acreage, into Nikaitchuq unit 07/08/2007
Move would more than double size of offshore North Slope unit, from some 12,968 to 33,869 acres; two wells just drilled from Oliktok Point, one may be re-entered, one used as injector
As it moves toward a possible end-of-year development decision at its Nikaitchuq unit, Eni Petroleum has applied to expand the unit by merging the adjacent Tuvaaq unit and additional acreage to the so...

Shell leads sale 04/22/2007
$39M of $42M from Shell, Total at $2.2M; just over 500,000 acres receive bids
Leasing moved farther offshore in the Shell-dominated Beaufort Sea outer continental shelf lease sale held April 18 in Anchorage. Total high bids were $42,165,195 in Minerals Management Service sale 2...

State OKs expansion of Oooguruk unit 03/18/2007
Seven leases added to original 12 in Pioneer Natural Resources Alaska-operated unit, acreage increased from 20,394 acres to 50,883
The Alaska Division of Oil and Gas has approved the first expansion of the Oooguruk unit, the Pioneer Natural Resources Alaska development in the shallow waters of Harrison Bay offshore the North Slop...