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Complete PDF Edition Week of September 15, 2024 ANS extends slump - 09/15/2024  Alaska North Slope gained $1.14 Sept. 11 to close at $72.10 per barrel, while West Texas Intermediate jumped $1.56 to close at $67.31, and Brent jumped $1.42 to close at $70.61. (See chart in the online issue PDF) The day's price increase was a reprieve from a longer-term slide that began in Augus.... ANS up 1.7% for July - 09/15/2024  Alaska North Slope production averaged 447,134 barrels per day in July, up 7,303 bpd, 1.66%, from a June average of 439,832 bpd and up 3.56% from a July 2023 average of 431,768 bpd. Crude accounted for 89.43% of the volume, averaging 399,866 bpd in July, up 8,253 bpd, 2.11%, from a June average of 3.... Sidebar: Cook Inlet gas down 4.2% - 09/15/2024  Cook Inlet natural gas production averaged 187,247 thousand cubic feet per day in July, down 8,280 mcf per day, 4.23%, from a June average of 195,528 mcf per day and down 5.71% from a July 2023 average of 198,586 mcf per day. Volumes are calculated from Alaska Oil and Gas Conservation Commission da.... Latest decisions from Alaska's Division of Oil & Gas, Pikka etc. - 09/15/2024  On Sept. 10 the Alaska Department of Natural Resources' Division of Oil and Gas approved the Pikka Unit expansion requested by unit operator Oil Search (Alaska) LLC, a subsidiary of Santos Ltd. The Division received the application for the expansion of the Pikka Unit, or PKU, on March 29. The initia.... AOGCC fines Mustang Holding for a drilling permit infringement - 09/15/2024  In an Aug. 29 order the Alaska Oil and Gas Conservation Commission announced that is fining Mustang Holding LLC $50,000 for infringing the terms of its permit for the drilling of well M-03A in the Southern Miluveach unit on the North Slope. AOGCC says that, under the terms of the permit, a gamma ray....

Santos seeks protection #2; CPAI comments in defense of Coyote - 09/15/2024  On Sept. 6, a ConocoPhillips Alaska manager sent the Alaska Oil and Gas Conservation Commission a response to Santos' comments for the commissioners' "general awareness." As covered in the Aug. 25 issue of Petroleum News, on Aug. 20, Oil Search (Alaska) LLC, a subsidiary of Santos Limited, filed a c.... Baker Hughes US rig count down 1 to 582 - 09/15/2024  The Baker Hughes' U.S. rotary drilling rig count was 582 the week ending Sept. 6, down by one rig from 583 the previous week, and down by 50 from 632 a year ago, after dropping by two the week ending Aug. 30. Over the last eight weeks the rig count was down in five and up in three with a loss of nin.... EIA: Brent to average $82 in 4th quarter - 09/15/2024  Although Brent crude oil prices dropped to $73 per barrel Sept. 6, the U.S. Energy Information Administration said in its September Short-Term Energy Forecast, released Sept. 10, that it expects Brent to return to above $80 per barrel in September and to average $82 per barrel in the fourth quarter.... This month in history: BP applies to expand Prudhoe Bay unit - 09/15/2024  Editor's note: This story first appeared in the Sept. 12, 2004, issue of Petroleum News. Prudhoe Bay unit operator BP Exploration (Alaska) has applied to the Alaska Division of Oil and Gas to expand the Prudhoe Bay unit by some 1,040 acres as part of an expansion of the Aurora participating area, wh.... Oil patch bits: TOTE & STG Logistics partner to deliver faster shipping to Puerto Rico - 09/15/2024  As reported by TOTE Maritime news on Sept. 4, TOTE Maritime Puerto Rico and STG Logistics are partnering to offer the fastest rail-focused shipping solution to and from the island of Puerto Rico from anywhere in the United States and Canada. Combining expertise, equipment, and resources, this strate....