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NEWS BULLETIN

December 04, 2006 --- Vol. 12, No. 84December 2006

Murkowski names Jim Clark to ANGDA board

Among appointments announced today by out-going Gov. Frank Murkowski were three appointments to the board of the Alaska Natural Gas Development Authority: Richard Schok Jr., Fairbanks; James Clark, Juneau; and Robert Favretto, Kenai (re-appointed).

Murkowski spokesman Will Vandergriff confirmed that James Clark of Juneau is Jim Clark, Murkowski’s chief of staff. The Office of Boards and Commissions said it would forward information on Schok, but that had not been received before this news bulletin was distributed.

The terms of David Cuddy of Anchorage and Andy Warwick of Fairbanks, the board chairman, expired June 5, 2006, as did Favretto’s.

The board selects a chair and vice chair; Scott Heyworth of Anchorage is the current vice chairman of the board.

November weather drops production

Weather continued to plague Alaska North Slope crude oil production in November, dropping the average to just 667,250 barrels per day for the month, down 9.48 percent from an October average of 737,141 bpd. Bad weather in Valdez slowed tanker loading in mid-November, forcing Alyeska Pipeline Service Co. to slow oil flow in the trans-Alaska oil pipeline, which went from 793,305 bpd Nov. 13 to a low of 267,804 bpd Nov. 20, and then ramped up, reaching 739,310 bpd on Nov. 23 and 806,579 on Nov. 30.

October’s weather problems were different: flooding in the Valdez area which affected fiber-optic communication lines along the pipeline and high winds and rain on the North Slope which knocked out power at Prudhoe Bay.

Figures reported by the Department of Revenue’s Tax Division show Valdez inventories peaking at more than 6.2 million barrels Nov. 19, after starting the month at 3.3 million barrels; there were 2.7 million barrels in inventory in Valdez Nov. 30.

The Joint Pipeline Office said in its Nov. 22 report that high winds and waves in the Valdez area beginning Nov. 15 interfered with tanker loading at the Valdez Marine Terminal, and North Slope producers had to prorate normal pipeline throughput “as inventory in the storage tanks at the VMT has gotten as high as 93.4 percent.”

JPO said there are 14 crude oil storage tanks available for use at the terminal, each of which can hold 510,000 barrels of oil, a total of 7.14 million barrels.

Note: See full stories in the Dec. 10 issue of Petroleum News which will be released online (www.PetroleumNews.com) this coming Friday.

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