NEWS BULLETIN

June 07, 2000 --- Vol. 6, No. 22June 2000

Christenson leaves Alaska Oil and Gas Conservation Commission

Bob Christenson, chairman of the Alaska Oil and Gas Conservation Commission, has resigned effective today.

Claire Richardson, spokesman for the governor, told PNA that Christenson submitted his resignation in May, saying he wanted to spend more time with his family.

He was appointed to the commission in May 1997 and has served as chairman since February 1999. Christenson held the petroleum engineer seat on the commission.

Recruitment is under way for a replacement and Richardson said anyone interested in applying should contact Cindy Smith, director of Boards and Commissions, at (907) 465-3500.

May ANS production down 4 percent from April

Alaska North Slope crude production averaged 998,943 barrels a day in May, down 3.93 percent from an April average of 1,039,833 barrels a day, a drop of 40,890 barrels a day.

Prudhoe Bay production was down 4.68 percent, averaging 568,866 barrels a day in May, down 27,920 barrels a day from an average of 596,786 barrels a day in April.

Kuparuk River production averaged 234,223 barrels a day in May, down 4.28 percent (10,482 barrels a day) from an April average of 244,705 barrels a day.

The Lisburne Production Center (Lisburne, Point McIntyre, Niakuk) averaged 102,434 barrels a day, down 2.03 percent (2,123 barrels) from an average of 104,557 barrels a day in April.

May production held within 1 percent of April production at both Milne Point and Endicott. Milne Point averaged 54,350 barrels a day in May, down 0.06 percent from an April average of 54,384 barrels a day. Endicott averaged 39,070 barrels a day in April, down 0.84 percent from an April average of 39,401 barrels a day.

Prudhoe Bay natural gas liquids production averaged 53,630 barrels a day in May, down 2.68 percent from an April average of 55,107 barrels a day.

Production in Cook Inlet was down 7.45 percent, averaging 29,302 barrels a day in May, a drop of 2,360 barrels a day from an April average of 31,662 barrels a day.

BP ANS term price up 13 percent

BP Amoco's June term price for Alaska North Slope crude is $27.15 a barrel, up 13.31 percent ($3.19 a barrel) from the May term price of $23.96 a barrel, the year-to-date low term price.

The high for the year so far was a term price of $28.06 a barrel in April.

The term price has averaged $26.19 a barrel this year, compared to a comparable year-to-date average of $12.53 in 1999.

BP is the only North Slope producer to post a term price.


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