Alaska's source for oil and gas news
Alaska's source for oil and gas news
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Binder promoted to Yuit Communications president Binder has been promoted to president of Yuit Communications, where he will lead the agency's strategy, operations, and continued growth. Born in Anchorage and raised in a military family, Ryan returned to Alaska during high school. He studied in San Diego and graduated from the University of Alaska Anchorage. Ryan began his career in political organizing and strategic communications, building a strong foundation in messaging, audience...
Kudos to the explorers featured in this year's issue of The Explorers magazine: 88 Energy, Armstrong's Lagniappe, ASRC Energy, 88 Energy, ConocoPhillips, Great Bear Pantheon, Hilcorp, Jade Energy and Savant Glacier. In 2013, Armstrong Oil & Gas Inc. and its partner Repsol kicked off the prolific Brookian topset play with the multi-billion-barrel oil discovery in the Pikka field west of the central North Slope, the largest component being the Nanushuk reservoir. Large lookalike new field discoveries have since been made at Willow, Stirrup,...
Luke Saugier, senior vice president of Hilcorp Alaska, provided an update on the company’s activities in Cook Inlet on Sept. 10, 2021. In regard to Hilcorp’s Cook Inlet business, Saugier said the company employs some 150 and Cook Inlet will continue to be an important part of the company’s Alaska business. Hilcorp began operating in Cook Inlet in 2012, first acquiring assets previously held by Chevron, then Marathon’s gas fields and most recently the North Cook Inlet field from ConocoPhillips. The company’s efforts are going to focus on delive...
The April 19 issue of Petroleum News includes coverage of ConocoPhillips, ExxonMobil. Furie, HEX, XCD Energy, Oil Search, Cook Inlet Energy, Glacier Oil and Gas and Hilcorp, all active in Alaska’s oil and gas industry. ConocoPhillips ConocoPhillips’ second round of global spending cuts brought its Alaska budget down from $3.2 billion to about $3 billion; a much smaller hit than elsewhere. Another story, “Conoco applies for expansion at Kuparuk”, deals with the area covered by the Kuparuk oil pool. HEX LLC, Furie Also featured: The Alaska...
The U.S. Environmental Protection Agency said June 28 that it proposes to issue three underground injection control class I permits for disposal of non-hazardous fluids at Badami, Oooguruk and Prudhoe Bay. All are renewals of exiting permits. Applicants are Savant Alaska LLC, a subsidiary of Glacier Oil & Gas Corp., Caelus Natural Resources Alaska LLC and BP Exploration (Alaska) Inc. EPA has responsibility in Alaska for regulation of class I injection wells, which dispose of fluids into deep, naturally saline aquifers below any aquifers which...
Through its Alaska subsidiary Accumulate Energy, Australian independent 88 Energy Ltd. has changed the design of the well it will drill this coming winter from a lateral to a vertical completion with multi-stage stimulation. Its goal is still to farm-out the 272,000-acre Icewine project south of Prudhoe Bay on the central North Slope. Icewine No. 2, designed to further evaluate the HRZ/HUE source rocks, will be spud in first quarter 2017 from the Franklin Bluffs pad, which has year-round Haul Road access and is the same pad that was used for Ic...
Consulting firm Wood Mackenzie is exploring implications of current low crude oil prices for upstream fiscal terms. In a two-part study the firm says governments dependent on oil tax revenues are facing pressures on public spending from lower oil revenues and from oil companies for more lenient terms. “While companies seek to reduce industry costs to levels compatible with the current oil price, they are also seeking a return to more lenient fiscal terms from host governments that increased tax rates since 2005,” Wood Mackenzie said. The com...
Recent 3-D seismic surveys in the Kuparuk River field on Alaska’s North Slope are enabling the identification of new drilling leads in the field, according to field operator ConocoPhillips’ latest Kuparuk plan of development that the company has submitted to the Alaska Department of Natural Resources. A survey conducted in 2005 has enabled the discovery of a number of drilling opportunities, including sidetrack wells using coiled tubing drilling, sidetracks using conventional rotary drilling, and the drilling of new wells, the plan says. The...
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...
Secretary of the Interior Sally Jewell said in statements Nov. 7 that Neil Kornze will be nominated to head the Bureau of Land Management, and Tommy Beaudreau to become assistant secretary for policy, management and budget. Both positions require confirmation by the U.S. Senate. Kornze has led BLM since March 1 as principal deputy director; prior to that he served as BLM’s acting deputy director for policy and programs. He joined the agency in early 2011 as a senior advisor to the director. “Neil has helped implement forward-looking ref...
Grand Forks, N.D. area businesses are growing to meet demands in the Bakken region of North Dakota, the region’s chamber of commerce said in an Aug. 6 press release. The Chamber – Grand Forks/East Grand Forks, on behalf of the region’s Bakken Initiative, surveyed its members, revealing that businesses are “attributing both revenue and employment growth to business activity related to the oil and gas industry,” the chamber said. Sixty-seven percent of the respondents attribute “some of their revenue” in the past two years to Bakken activi...
U.S. natural gas spot prices increased in the first half of the year, the U.S. Energy Information Administration said in a July 22 release. Average spot natural gas prices increased 40 to 60 percent at most major trading points compared to the first half of 2012, EIA said, attributing the rise in spot prices to demand growing faster than supply. The agency said the increases were relatively uniform across the country except in New England and New York where there were supply constraints which caused the price to spike with winter peak demands....
Dallas-based Summit Midstream Partners LLC and Summit Investments said June 25 that they are significantly expanding their Divide crude oil and water gathering system under construction in Williams and Divide counties in North Dakota. “In addition to the approximately 90 miles of crude gathering pipeline being constructed as part of the Divide system, Summit Investments will construct approximately 145 miles of new gathering pipeline capable of handling up to 45,000 barrels of crude oil and 45,000 barrels of water per day,” the company sai...
CN said May 28 it is accelerating a $33 million line upgrade in Wisconsin to increase railcar loading capacity and train velocity for growing frac sand business from Badger Mining Corp., Preferred Sands of Wisconsin L.L.C., Atlas Resin Proppants L.L.C. and Taylor Frac L.L.C. The railroad now plans to improve a 74-mile section of track in its Whitehall Subdivision between Wisconsin Rapids and Blair, Wis., in three years instead of four. Work began in 2012 and the entire project is slated for completion in December 2014. The project will enable...
The concentration of U.S. crude oil imports among the country’s top five suppliers is the highest since 1997, the U.S. Energy Information Administration said April 19. The five top foreign suppliers to the U.S. in 2012 were Canada, Saudi Arabia, Mexico, Venezuela and Iraq, accounting for almost 72 percent of U.S. net crude oil imports, EIA said, up 8 percent over the past three years. The agency said Iraq replaced Nigeria as the fifth-largest supplier in 2012. Net crude oil imports from the five countries averaged almost 6.1 million barrels p...
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...
Subscribers: To view the "Top 50 North Dakota Bakken oil producers" chart, please visit the above PDF link....
Subscribers: To view the "IPs for ND Bakken wells" chart, please click on the above PDF link....
Subscribers: To view the "North Dakota well operator transfers" chart, please click on the above PDF link....
Subscribers: To view the "Bakken producers’ stock prices" chart, please click on the above PDF link....
Subscribers: To view the "January 2013 Montana Bakken oil production by company" chart, please click on the above PDF link....
Subscribers: To view the "North Dakota Pipeline Authority monthly update March 15, 2013" chart, please click on the above PDF link....
Larson Electronics said March 4 that it has announced the release of a multi-mode capable LED light with remote control that is compatible with standard PAR38 style light fixtures. The LED18W-PAR38-RGB 18 Watt RGB LED PAR 38 Remote Control Light provides innovative control and operating options with remote control operation and multi-color output choices as well as the ability to produce flashing, dimming, and strobing effects. The Larson Electronics LED18W-PAR38-RGB 18 watt RGB LED PAR 38 remote control light is an innovative addition to...
In what is something of a landmark court case, the U.S. Court of Appeals for the District of Colombia Circuit has upheld the U.S. Fish and Wildlife Service’s 2008 decision to list the polar bear as threatened under the terms of the Endangered Species Act because of the threat that global warming poses to the bear’s sea-ice habitat. Although in the past animals have generally been listed under the Endangered Species Act, or ESA, because of severe declines in population numbers and consequent concerns about species survival, the polar bear was...
As the Alaska Senate’s Finance Committee began its consideration of the Resources Committee’s substitute for the governor’s oil tax bill members voiced concerns ranging from how best to make Alaska competitive enough to attract more investment, resulting in more production in the long term, to the cost to the state’s treasury in the short term. The current production tax system, ACES (Alaska’s Clear and Equitable Share) — with the tax rate geared to progressivity driven by high oil prices — has resulted in very high production taxes. Change...
