State offers 70 percent of Prudhoe Bay, Point Thomson royalty gasPhillips and BP tell state that sales of royalty gas to companies wanting to bid in pipeline open season will hurt economics of gas pipeline Kristen Nelson Editor-in-Chief
The Commissioner of the Alaska Department of Natural Resources has determined that it is in the best interest of the state to solicit competitive bids for a portion of the state’s royalty share of the natural gas which would be produced from Prudhoe Bay and Point Thomson upon completion of a natural....
[additional news subjects in this story]
Why a royalty gas sale now? Minimum cash requirements Concerns from potential bidders Producers object to backstopping In-state demand growth depends on gas price
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