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ANS cuts above $70
- 06/15/2025 (Login to read Full story)
West Texas Intermediate crude skyrocketed $3.17 June 11 to close at $68.15 per barrel, while Brent vaulted $2.90 to close at $69.77, surging as Middle East tensions intensified due to the geopolitical situation involving Iran.
The Alaska North Slope crude price for June 11 ' which is estimated by....
Glenfarne on Alaska LNG
- 06/15/2025 (Login to read Full story)
Brendan Duval, CEO and founder of Glenfarne, is determined to get the Alaska LNG Project done. That was his comment at the conclusion of a Q&A session he did with Alaska Gov. Mike Dunleavy in Anchorage June 5 at the Alaska Sustainable Energy Conference.
In March Glenfarne became 75% owner of Alaska....
Reducing NPR-A restrictions - 06/15/2025 (Login to read Full story)
The recently announced proposal by the U.S. Department of the Interior's Bureau of Land Management to rollback additional environmental protections introduced by the Biden administration for the National Petroleum Reserve-Alaska primarily impact what are referred to as "special areas," that have b....
Legendary geologist Ken Bird dies; Rutherford to Pantheon; RDC's 50th - 06/15/2025 (Login to read Full story)
On April 23, Kenneth "Ken" Bird passed away peacefully at home in Palo Alto, California at 85 years of age.
Ken's professional geological career is legendary. During his senior year at Oregon State University, he was hired by Shell as a summer intern to participate in geological field investigations....
Armstrong: 500 to 800 million
barrels of recoverable oil found - 06/15/2025 (Full story)
On June 10, Bill Armstrong told Petroleum News that 500 to 800 million barrels of recoverable oil is his estimate for the Sockeye discovery on the Lagniappe block on Alaska's eastern North Slope.
On April 24, APA Corp. and its partners Lagniappe Alaska LLC, an Armstrong company, and Oil Search (Al.... |
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Hilcorp sole Cook Inlet bidder, takes five tracts, 21,802 acres - 06/15/2025 (Login to read Full story)
Hilcorp Alaska was the sole bidder in the state's spring Cook Inlet areawide oil and gas lease sale, taking five tracts, an estimated 21,801.79 acres, at the fixed price of $40 per acre, for a total of $872,071.60.
The bid variable for the Cook Inlet sale was net profit share, with no royalty. Hilc....
EIA: low 2025 crude oil prices expected - 06/15/2025 (Login to read Full story)
Low oil prices and a dropping rig count are expected to affect U.S. crude oil production rates this year and next, the U.S. Energy Information Administration said in its June Short-Term Energy Outlook, released June 10.
EIA said the Brent crude oil price is expected to drop to near $60 per barrel b....
Baker Hughes US rig count drops 4 to 559
- 06/15/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 559 on June 6, down by four from the previous week, down by 35 from 594 a year ago and down by seven from two weeks ago. Over the last eight weeks the rig count was up in two weeks and down in six with a combined loss of 28 against a gain of four. T....
Oil patch bits: Melton joins Republic Services of Alaska as GM - 06/15/2025 (Login to read Full story)
Republic Services of Alaska said May 22 that Matt Melton, a seasoned executive and operational strategist, has joined its team as general manager. Melton will oversee the strategy and execution of Republic Services' Environmental Solutions business in the greater Alaska area, which includes a networ....
Oil patch bits: SPE Alaska and AADE Alaska to host sporting clay shoot - 06/15/2025 (Login to read Full story)
The Society of Petroleum Engineers recently announced that it, along with the American Association of Drilling Engineers, will host its annual sporting clay shoot on Aug. 15 from 6 a.m. to 8 p.m. at the Birchwood Recreation and Shooting Park.
Entry fees are $1,000 per member and $1,200 per non-memb.... |
