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Week of October 02, 2022

  • ANS on comeback - 10/02/2022  Alaska North Slope crude staged a meaningful closing price gain Sept. 28, up $3.35 to $89.44 per barrel. West Texas Intermediate surged $3.65 to close at $82.15 and Brent scored $3.05 to close at $89.32. Prices were boosted by a strong drawdown on U.S. inventories of gasoline and crude. (See chart....

  • Railbelt ERO approved - 10/02/2022  In a major milestone for the electricity system across the Alaska Railbelt, on Sept. 23 the Regulatory Commission of Alaska granted a certificate to the Railbelt Reliability Council to operate as the electric reliability organization for the Railbelt system. The system extends from the southern Kena....

  • Pikka first oil mid-26 - 10/02/2022  This is part 2 of the information that was discussed in the Sept. 16 public hearing held by the Regulatory Commission of Alaska in regard to Oil Search (USA)'s application for a certificate of public convenience and necessity to construct and operate a common carrier pipeline — the Pikka Sales Oil P....

  • Oil patch insider: Alliance promotes company jobs, Harcharek leads Arctic Iñupiat org - 10/02/2022  On Sept. 21, Rebecca Logan, CEO of the Alaska Support Industry Alliance, announced a new benefit for Alliance members. “As an Alliance member, we'll promote your company's job openings on our website and social media channels,” she wrote in an email “Expose your company's career opportunities to our....

  • Feds set Dec. 30 Cook Inlet sale; state looking at winter 2022 sale - 10/02/2022  There are likely to be two Cook Inlet oil and gas lease sales before the end of the year — the federal outer continental shelf sale mandated in the Inflation Reduction Act of 2022 and a second 2022 state Cook Inlet sale. The U.S. Department of the Interior said it is required to hold Lease Sale 258....

  • NSIDC: Arctic sea ice extent has reached annual minimum for year - 10/02/2022  The National Snow and Ice Data Center has reported that the extent of the Arctic sea ice likely reached its minimum for this year on Sept. 18. At 1.8 million square miles this year's minimum ties with the minimums of 2017 and 2018 as the 10th lowest on record since satellite records began nearly 44....

  • PODs approved, contraction dates extended - 10/02/2022  In August the Alaska Department of Natural Resources' Division of Oil and Gas approved plans of development for Eni's two North Slope units, Nikaitchuq and Oooguruk, and in late September the division approved requested delays for contraction for the units. The PODs, for Oct. 1 through Sept. 31, 20....

  • Alaska-Mackenzie Rig Report - 10/02/2022  Alaska-Mackenzie Rig Report - You must be a logged in subscriber to read this report. ....


  • Voluntary NPR-A IAP litigation dismissal - 10/02/2022  On Sept. 22 U.S. District Court Judge Sharon Gleason accepted a joint motion from plaintiffs and defendants for dismissal of a suit filed in August 2020 challenging the U.S. Department of the Interior’s 2020 Integrated Activity Plan and Final Environmental Impact Statement for the National Petroleum....

  • Six wells added to 2022 Prudhoe Bay POD - 10/02/2022  Six wells have been added to the 2022 Prudhoe Bay plan of development. The Alaska Department of Natural Resources’ Division of Oil and Gas has approved an amendment to the 2022 POD by Prudhoe operator Hilcorp North Slope for six new development wells on M pad. The Sept. 14 approval said Hilcorp app....

  • This Month in History: Wanted: Level playing field - 10/02/2022  Marathon Oil Co. has drilled 23 gas wells onshore Cook Inlet since 1998, including seven this year, and will spend almost $36 million in Cook Inlet this year — up from $11 million in 1998. Marathon wants to continue exploring for natural gas on the Kenai, where the company is involved in seven acti....

  • Chugach AK names Josie Hickel president - 10/02/2022  Chugach Alaska Corp. recently appointed Josie Hickel president. In her role, Hickel is responsible for leading Chugach’s Alaska Native Claims Settlement Act, or ANCSA, land management and resource development strategy, strengthening community relationships and resources within the Chugach region, an....

  • Pantheon’s Alkaid 2 well work advances - 10/02/2022  In a Sept. 26 operations update on the Alkaid 2 well on Alaska’s North Slope, Pantheon Resources plc said operator Great Bear Pantheon, or GBP, completed stimulation of the horizontal well and that a workover rig was enroute to the well ahead of flow testing. Only one hiccup in the company’s plans t....

  • US rotary rig count up by 1 to 764 - 10/02/2022  The Baker Hughes’ U.S. rotary drilling rig count was 764 on Sept. 23, up by one from the previous week and up 243 from 521 a year ago. When the count dropped to 244 more than two years ago, in mid-August 2020, it was the lowest the domestic rotary rig count had been since the Houston based oilfield....

  • Oil patch bits: ASTAC awarded $30,970,030 USDA ReConnect grant - 10/02/2022  Arctic Slope Telephone Association Cooperative Inc. said Sept. 22 that it has been awarded $30,970,030 in funding for a transformational broadband project in remote Alaska. The grant will provide ASTAC with the means to expand its terrestrial network to provide customers in Point Lay and Anaktuvuk P....





























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