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Week of April 05, 2020

  • Stellar results - 04/05/2020  The well tests released by Oil Search on March 31 for its North Slope Mitquq and Stirrup prospects were very encouraging, said Keiran Wulff, the company's managing director. The wells were drilled during this winter's off-road exploration season. The results were for the Nanushuk reservoirs encounte....

  • Prudhoe drilling ends - 04/05/2020  A Prudhoe Bay worker has tested positive for COVID-19 and field operator BP Exploration (Alaska) is pulling back to essential workers only at the field and ending development drilling for 2020. In its annual progress report and 2020 plan of development update, which the Department of Natural Resour....

  • Keystone XL gets go-ahead - 04/05/2020  Underpinned by a major financial commitment from the Alberta government, TC Energy has stunned observers by announcing that the Keystone XL pipeline will emerge from 10-years of regulatory twists and turns and has already launched construction work towards a completion date in mid-2023. The US$8 bil....

  • Oil Patch Insider: Last ERD rig module moves to Alpine to drill Fiord West; AOGA rescheduled; China produces record hydrates; Trump meets with oil executives - April 05, 2020 - 04/05/2020  On March 27 the last piece of the big extended reach drilling rig, Doyon 26, left Deadhorse for the CD2 pad in the Colville River unit northwest of the main Alpine field. The derrick and floor section were pulled by three big haul trucks cabled together (see photo in pdf and print versions of this i....

  • AIDEA modifies BlueCrest loan; price rout spurs interest-only year - 04/05/2020  The Alaska Industrial Development and Export Authority board unanimously approved a loan modification for BlueCrest Energy Inc. during a special meeting March 27. The modification allows for a forbearance of principal payments for 12 months, effective as of the April 1, 2020, payment date through th....

  • Oil Search lays off just 8 in Alaska, vs 92 or so in Sydney - 04/05/2020  Oil Search Alaska spokeswoman Amy Burnett told Petroleum News March 31 that eight of the 100 or so employees being laid off were attached to the Alaska business unit. None of them were members of the Alaska leadership team. Due to the reduction in work programs and the uncertain oil price outlook, p....

  • AOGCC reduces AIX bonding from $1.6 million to $200,000 - 04/05/2020  The Alaska Oil and Gas Conservation Commission has issued its first ruling on a bond reconsideration request, reducing the bonding required for four AIX Energy wells at the Kenai Loop field from $1.6 million to $200,000. The commission had increased AIX's bonding from $200,000 (the old requirement....

  • Alaska-Mackenzie Rig Report - 04/05/2020  Alaska-Mackenzie Rig Report: Full PDF Report available to logged in Subscribers.....


  • UAA publishes virus infection model - 04/05/2020  A research team in the University of Alaska Anchorage has published the results of modeling of the potential spread of COVID-19 infections in Alaska. The team conducted the study in response to a request from the Municipality of Anchorage — the municipality is seeking data that can enable effective....

  • DNR cancels tundra travel field season - 04/05/2020  Concerned with the safety of its staff and of people on the North Slope, in the face of the COVID-19 pandemic, the Alaska Department of Natural Resources has cancelled the remainder of its 2019-20 field season for monitoring snow conditions for off road winter tundra travel, DNR announced March 26. ....

  • Alberta’s Kenney seeks joint action with US - 04/05/2020  Alberta Premier Jason Kenney, faced with what he calls a “contraction” without precedent in his province’s oil industry, has reached out to the U.S. government, congressional leaders and governors from oil-producing states to explore a “coordinated action” to end the price war between Saudi Arabia a....

  • 88 Energy’s Charlie 1 well looking good - 04/05/2020  Australia independent 88 Energy said March 31 that its Charlie 1 appraisal well reached total depth of 11,112 feet in the Kuparuk formation on March 30. The well, in the company’s central North Slope Icewine project, is operated by 88E subsidiary Accumulate Energy Alaska, which is run by geologist E....

  • US drilling rig count down 44 to 728 - 04/05/2020  KICKER: EXPLORATION & PRODUCTION US drilling rig count down 44 to 728 Baker Hughes reports the number of rigs drilling for oil and natural gas in the U.S. the week ending March 27 was 728, down by 44 from the previous week, eclipsing a 20-rig drop that week, and down by 278 from 1,006 a year ago. ....

  • Wanted: East Badami drilling partner - 04/05/2020  Savant Alaska, a Glacier Oil and Gas company, filed its 17th plan of development for the Badami unit on March 22 with the Alaska Department of Natural Resources’ Division of Oil and Gas. Meanwhile, the Houston independent continues to look for a partner to invest $200 million in a three to four year....

  • State OKs Milne Point S Pad expansion - 04/05/2020  On March 27 Alaska’s Division of Oil and Gas approved Hilcorp Alaska’s proposed Milne Point unit S Pad expansion following a 30-day public comment period on the North Slope project, effective immediately. The Jan. 29 application from Hilcorp came in the form of a unit amendment application to the 38....

  • Oil patch bits: PND Engineers Inc. announces new members to its team - 04/05/2020  PND Engineers Inc. said March 26, that it is pleased to announce the additions of Jake Randazzo and Forrest Savel to its team. Jake Randazzo brings 15 years of experience in hands-on primary and secondary soil testing, data reduction, and soil lab operations. He is also experienced in geotechnical....



























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