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Latest Petroleum
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Complete PDF Edition
Week of December 08, 2024

  • Heading back - 12/08/2024  Bill Armstrong's Lagniappe Alaska is returning to the eastern North Slope this winter to drill the Sockeye-2 exploration well on state of Alaska acreage approximately 8 miles southeast of Badami, within the Lagniappe-operated oil and gas lease block. The Sockeye-2 well surface location is approxima....

  • ANS price firms up - 12/08/2024  Alaska North Slope crude dropped $1.28 Dec. 4 to close at $71.47, while West Texas Intermediate plunged $1.40 to close at $68.54 and Brent dropped $1.31 to close at $72.31. (See graphic in the online issue PDF) Despite an amplification of volatility over the three trading days following the Thank....

  • An ANWR injunction? - 12/08/2024  The Alaska Industrial Development and Export Authority has requested the federal District Court in Alaska to issue an injunction prohibiting the Bureau of Land Management from the leasing of some land in an upcoming lease sale for the Coastal Plain of the Arctic National Wildlife Refuge. Leases on t....

  • Amaroq's Nicolai Creek 51st POD approved by state of Alaska - 12/08/2024  On Nov. 26, G. Scott Pfoff, president of Amaroq Resources, received a certified letter from Derek Nottingham, director of Alaska's Division of Oil and Gas, saying that the Nicolai Creek Unit's 51st plan of development, or POD, has been approved for the period of Dec. 29, 2024, through Dec. 29, 2025.....

  • AOGCC approves pool rules, area injection order for KRU Coyote - 12/08/2024  The Alaska Oil and Gas Conservation Commission has approved pool rules and an area injection order applied for by ConocoPhillips Alaska for the Coyote oil pool in the Kuparuk River unit. The commission said the Coyote oil pool is in the easternmost portion of the Brookian Nanushuk formation and is....

  • Division OKs exploration plan for Quokka drilling this winter - 12/08/2024  The Alaska Department of Natural Resources' Division of Oil and Gas has approved a plan, as amended and modified, submitted by Santos subsidiary Oil Search (Alaska) in September for this winter's Quokka 1 exploration program. (See map in the online issue PDF) In a Nov. 29 decision, the division s....


  • ANS production up 5.1% month over month - 12/08/2024  Alaska North Slope production averaged 471,010 barrels per day in October, up 22,925 bpd, 5.12%, from a September average of 448,085 bpd and up marginally, 0.22%, from an October 2023 average of 469,988 bpd. ANS crude, 88.95% of the total, averaged 418,984 bpd in October, up 19,026 bpd, 4.76%, from....

  • Sidebar: Cook Inlet natural gas down 1.07% - 12/08/2024  Cook Inlet natural gas production averaged 189,457 thousand cubic feet per day in October, down 2,051 mcf per day, 1.07%, from a September average of 191,508 mcf per day and down 6.58% from an October 2023 average of 202,795 mcf per day. Volumes are calculated from Alaska Oil and Gas Conservation C....

  • Baker Hughes US rig count down 1 at 582 - 12/08/2024  The Baker Hughes' U.S. rotary drilling rig count was 582 on Nov. 27, down one from the week ending Nov. 22 -- reported early prior to Thanksgiving. The count was down by 43 from 625 a year ago and down two from two weeks ago. Over the last eight weeks the rig count was unchanged in three weeks, down....

  • Division approves Western Satellites POD - 12/08/2024  The Alaska Department of Natural Resources' Division of Oil and Gas has approved the 2025 Prudhoe Bay unit Western Satellites participating areas plan of development from Prudhoe operator Hilcorp North Slope. The Nov. 26 approval covers Jan. 1 through Dec. 31, 2025. The Western Satellites include....

  • Oil patch bits: PND board of directors elects new leadership - 12/08/2024  PND Engineers Inc. said Nov. 25 that President and Principal Engineer Jim Campbell, PE, is retiring at the end of the year. Effective Jan. 1, 2025, PND Senior Vice President and Principal Engineer Dempsey Thieman, PE, SE, will become the fifth president in PND's 45-year history. Campbell, who served....
























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