Revenue forecast: prices up, volume downChange in production forecast due to maintenance, slower moving heavy oil, delay in projects like Point Thomson, Liberty Kristen Nelson Petroleum News Editor-in-Chief
Prices being paid for Alaska North Slope crude oil are up, Alaska Revenue Commissioner Bill Corbus said Dec. 15, but ANS production continues a decline that began in 1988.
The department’s fall revenue forecast, released Dec. 15, forecasts ANS crude oil production averaging 865,000 barrels per day....
[additional news subjects in this story]
Production timing More maintenance Also delays in project startups $400 million proposed for gas pipeline investment
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