Alaska's source for oil and gas news
Alaska's source for oil and gas news
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Former Gov. Tony Knowles says he believes it’s time to leave the new gas tax alone. Knowles, an Anchorage Democrat, left office in 2002, after a two-term stint as the state’s seventh governor, and has remained actively interested oil and natural gas issues driving Alaska’s economy. While voters hit the polls in August to decide whether to repeal Gov. Sean Parnell’s tax plan, Senate Bill 21, Knowles has backed those fighting the repeal. He faces pushback from those pushing the repeal who alleged a cozy relationship and being a paid shill b...
Abbreviations & parameters With a few exceptions, such as the Heath shale play in the central part of the state, the Montana weekly oil activity report includes horizontal well activity in the Bakken petroleum system in the eastern/northeastern part of the state within the Williston Basin. It also includes what is referred to as the South Alberta Bakken fairway in northwestern/west-central Montana, which is at least 175 miles long (north-south) and 50 miles wide (east-west), extending from southern Alberta, where the formation is generally refe...
Western Canadian junior producer Yoho Resources has reported successful drilling in the Duvernay formation’s Kaybob play in Alberta, where it has been encouraged by overall well costs and a multi-well pad operation. The company said it drilled and completed its first two horizontal Duvernay development wells from a pad site targeting the Devonian Duvernay shale, a close geological relative of the Bakken. The first was drilled to a depth of 16,200 feet, with a horizontal lateral of just over 5,000 feet. The well was drilled and cased over 33 d...
Everybody has a niche in the Williston basin’s Bakken petroleum system; Plains All American Pipeline found its’ by providing transportation in areas overlooked by midstream companies. So said Managing Director of Pipeline Commercial Operations James Pinchback at the North Dakota Governor’s Pipeline Summit held in Bismarck earlier this summer. Plains is focusing on a small area in far north northwest North Dakota and northeast Montana where it has two pipelines and a multi-product rail facility currently under construction. Bakken North pipel...
Newfoundland Premier Danny Williams carries a very self-satisfied look these days, having landed a tentative agreement that gives his province its second ownership stake in an offshore oil project. A memorandum of understanding with partners in the Hibernia South project to develop an estimated 220 million barrels (of which 170 million barrels will be produced using a subsea tieback to the main Hibernia platform) gives the government a 10 percent equity stake for C$30 million. Earlier industry and government forecasts have set peak production...
EnCana has added its thunderous voice to the hallelujah chorus in British Columbia’s Montney gas play, disclosing it has a production goal of 1 billion cubic feet per day, up from its current 280 million cubic feet per day in the Cutbank Ridge area. Mike Graham, EnCana’s Canadian Foothills president, told a gas conference in Vancouver that the Montney is without doubt the hottest gas play in Canada and possibly North America. In the core of the Triassic-age formation he said it is likely 5 bcf will be recovered from each well and EnCana cou...
