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NEWS BULLETIN

July 01, 2003 --- Vol. 9, No. 67July 2003

June ANS production up slightly from May

Alaska North Slope crude oil production for June averaged 1,009,054 barrels per day, topping May's average of 1,006,545 bpd by just 0.25 percent, driven by a 7 percent increase in Northstar production and a 1.45 percent increase for Prudhoe Bay; other June numbers were down from May.

Northstar production averaged 71,252 bpd, up 4,693 bpd from the May average of 66,559 bpd. Prudhoe Bay production was up 6,725 bpd, averaging 471,057 bpd in June compared to 464,332 bpd in May.

Production from Milne Point averaged 51,235 bpd in June, down 3.12 percent from a May average of 52,884. Alpine production averaged 101,532 bpd, down 2.7 percent from a May average of 104,345. The Kuparuk River field averaged 215,695 bpd in June, down 1.94 percent from a May average of 219,963.

Endicott and Lisburne had marginal declines. Endicott averaged 32,407 bpd in June, down 0.25 percent from a May average of 32,489, while Lisburne averaged 65,876 bpd in June, down 0.15 percent from a May average of 65,973.

Cook Inlet production averaged 29,478 bpd in June, up 2.17 percent from a May average of 28,851.

ld be forced to issue refunds with interest to its customers.

Alongside the ruling, Commissioner Kate Giard issued a separate statement criticizing the Alaska Department of Natural Resources for commenting on the matter without being a party to the proceeding. The DNR comments, in part, referenced the issue of production costs in the Cook Inlet, a controversial detail as regulators try to determine fair pricing.

Editor’s note: See full story in Dec. 28 issue of Petroleum News, which will be available online Dec. 26.

Commission issues orders for Prudhoe wells; schedules hearing for other fields

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