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Latest Petroleum
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Complete PDF Edition
Week of May 19, 2024

  • Shell exits Alaska - 05/19/2024  On May 6 operator and 100% owner Shell Offshore Inc. surrendered its 18 leases in the nearshore West Harrison Bay unit, or WHBU, to the State of Alaska, the notice of which was posted May 14 on the Alaska Department of Natural Resources' Division of Oil and Gas website. "With the WHBU Agreement near....

  • Sidebar: DNR's view - 05/19/2024  Reproduced below in full and verbatim is Alaska Department of Natural Resources Commissioner John Boyle's letter of May 14 to members of the House and Senate Resources committees. "On May 6th, Shell provided formal notice of its intent to voluntarily terminate the West Harrison Bay Unit (WHBU) and....

  • ANS tops benchmarks - 05/19/2024  Alaska North Slope crude gained 49 cents May 15 to close at $85.52 per barrel, while West Texas Intermediate gained 61 cents to close at $78.63 and Brent gained 37 cents to close at $82.75. ANS consolidated its position above $85 to trade at a $6.89 premium over WTI and at a $2.77 premium over Bren....

  • Alaska Oil and Gas Historical Society forms four new committees - 05/19/2024  The May 14 Alaska Oil and Gas Historical Society newsletter announced the formation of four new committees that have been formed to begin doing the important work of AKOGHS: the Membership Committee, chaired by Jim Palmer; the Fundraising Committee, chaired by Randy Beltz; the Collections Committee,....

  • Hilcorp plans up to 7 new wells to up production at Milne's J Pad - 05/19/2024  Milne Point unit operator Hilcorp Alaska got approval May 7 to drill up to seven new development wells at Milne Point's J Pad. The unit plan of operations amendment decision from the Alaska Department of Natural Resources' Division of Oil and Gas said work would begin with conductor installation in....


  • LKA confirms Ahpun's Alkaid resources, reserves at 79 mmbbl - 05/19/2024  In early May, Pantheon released the results of an updated independent expert report by Lee Keeling & Associates on the Alkaid horizon within the Ahpun field on Alaska's North Slope. (See charts in the online issue PDF) Highlights of LKA's estimates include: *Base case possible reserves of 5 millio....

  • Division of O&G approves variety of PODs - 05/19/2024  The Alaska Department of Natural Resources' Division of Oil and Gas has posted approvals for a number of annual plans of development. Most were for work in Cook Inlet, including Ivan River, Lewis River, Pretty Creek, Redoubt and West McArthur River. The largest unit to gain recent POD approval is....

  • Baker Hughes US rig count down 2 to 603 - 05/19/2024  The Baker Hughes' U.S. rotary drilling rig count was 603 the week ending May 10, down by two rigs from 605 the previous week, and down by 143 from 748 a year ago, following a drop of eight rigs last week. The rig count was down in seven and up in one of the last eight weeks, with a loss of 28 agains....

  • North Slope tundra travel closed - 05/19/2024  All tundra opening areas on state lands on the North Slope are closed, effective May 15, the Alaska Department of Natural Resources' Division of Mining, Land and Water said May 15. The division said tundra opening areas are no longer suitable for off-rod travel, with widespread snowpack deteriorati....

  • Pipelines plugging progress for Marathon - 05/19/2024  Editor's note: This story first appeared in the May 16, 2004, issue of Petroleum News. Discovering and developing more natural gas in Cook Inlet will help solve the problem of declining reserves in Southcentral Alaska, but Marathon Oil officials warn that new sources of gas require new pipelines --....


























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