To read previous editions of Petroleum News, please click below. Click on "Complete PDF Edition" below to read the PDF newspaper or click on the headline of each article to read the text version of the article. Latest Petroleum News PDF

Complete PDF Edition Week of January 11, 2026 Venezuela roils ANS - 01/11/2026  Alaska North Slope crude plunged $1.03 Jan. 6 to close at $61.57 per barrel as traders pondered the U. S. invasion of Venezuela in terms of its potential to add to world supplies under U.S. management -- offsetting the geopolitical risk narrative that had previously lent support to prices. West Texa.... US rig count up 1 at 546 - 01/11/2026  Baker Hughes' U.S. rotary drilling rig count was 546 on Dec. 30, up one from the previous week. The domestic rig count has ranged from the 530s through the 550s since the beginning of June. For 2025, the count peaked Feb. 28 (and again March 21) at 593, hitting its low point Aug. 29 at 526. For 202.... Pikka 2026 POD approved - 01/11/2026  On Dec. 24 the Alaska Department of Natural Resources' Division of Oil and Gas approved the 2026 Pikka Unit Plan of Development, or POD. On Oct. 31, the Division of Oil and Gas had received the proposed 2026 Pikka Unit POD from Oil Search (Alaska) LLC, a subsidiary of Santos Ltd. and operator of the.... Division of O&G approves lease assignment to Cade and Donkel - 01/11/2026  gas lease ADL 393574. In a Dec. 26 decision, Nottingham said applications were received Nov. 10 to transfer working interests in the lease from J. Andrew Bachner and Keith C. Forsgren to Samuel H. Cade and Daniel K. Donkel. The division's most recent North Slope lease ownership map, dated Septembe.... ConocoPhillips & State of Alaska respond to NPR-A legal challenge - 01/11/2026  There have been several court filings in a case in the Alaska District Court, in which three environmental organizations have challenged the legality of the exploration activities that ConocoPhillips plans in the National Petroleum Reserve-Alaska this year. ConocoPhillips plans to drill four explora.... NPR-A integrated resource plan environmental assessment approved - 01/11/2026  On Dec. 22 the Bureau of Land Management announced the approval of the environmental assessment for its revised version of the integrated activity plan for the National Petroleum Reserve-Alaska. The approval enables the new plan to go into effect. As a consequence the agency anticipates holding an o....

November ANS production edges up by 0.4% - 01/11/2026  Alaska North Slope production averaged 471,651 barrels per day in November, the most recent month for which the Alaska Oil and Gas Conservation Commission reports data by well and field. That was a 0.43% increase, 2,026 bpd, from an October average of 469,625 bpd, but a 3.09% decrease from a Novembe.... Sidebar: Cook Inlet gas production down 1% - 01/11/2026  Natural gas production in Cook Inlet averaged 210,730 thousand cubic feet per day in November, down 1.06%, 2,263 mcf per day, from an October average of 212,993 mcf per day but up 10.73% from a November 2024 average of 190,311 mcf per day. Volumes are calculated from Alaska Oil and Gas Conservation.... Alaska-Mackenzie Rig Report - 01/11/2026  Alaska-Mackenzie Rig Report - you must be a logged in subscriber to read this report..... DOG approves North Fork POD for 2026 - 01/11/2026  On Dec. 23 Alaska's Division of Oil and Gas approved Hilcorp Alaska's 2026 plan of development for the North Fork gas field in the southern Kenai Peninsula. In the plan Hilcorp commits to drill one sidetrack well and one grassroots well within the North Fork unit during the period of the plan, which.... Hilcorp Alaska now Prudhoe Bay operator - 01/11/2026  The Alaska Department of Natural Resources' Division of Oil and Gas has approved an operator change for the Prudhoe Bay unit. In a Dec. 22 approval, division Director Derek Nottingham said the division received notification on Dec. 18 that Hilcorp North Slope LLC was resigning as operator of the Pr.... Oil patch bits: Hajdukovich new RDC executive director - 01/11/2026  The Resource Development Council of Alaska, or RDC, has a new executive director, Connor Hajdukovich. He assumed the position of Jan. 1, 2006. Hajdukovich has served as RDC's interim executive director since October and was selected following a comprehensive search process. He brings extensive exper....