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Week of August 25, 2019

  • Trident fishbones - 08/25/2019  BlueCrest Alaska has unveiled its new “trident fishbone” well design, building on the company's successful fishbone design oil wells, which have markedly improved the economics of BlueCrest's Cosmopolitan project targeting the Hansen field offshore Cook Inlet. As the name implies, the trident config....

  • Pikka moving closer - 08/25/2019  Oil Search Ltd. has taken one more step toward production of its big Nanushuk oil discovery, scheduling its 120,000 barrel per day development for April 2023. On July 15, Oil Search (Alaska) LLC submitted a plan of operations application to the Alaska Department of Natural Resources' Division of Oi....

  • Glimmer of hope for gas - 08/25/2019  Two of Canada's largest electricity generators are giving a lift to Alberta's hard hit natural gas sector by converting more of their coalfired facilities to consume gas. And even more of Alberta's existing energy only electricity market could join the trend once the provincial government embarks on....

  • DNR's Feige dismisses one default by Alliance on Guitar unit - 08/25/2019  One of the two Guitar unit defaults issued by the Alaska Department of Natural Resources' Division of Oil and Gas has been cured, per an Aug. 19 decision by DNR Commissioner Corri Feige. On March 26, Alliance Exploration LLC, operator of the central North Slope Guitar unit, received a notice of unit....

  • New North Slope player; 88E snags Premier for Icewine JV - 08/25/2019  Independent 88 Energy Ltd. said Aug. 22 it has a new joint venture partner for its conventional Icewine project on Alaska's North Slope. London-based independent Premier Oil (LON:PMO) signed a sale and purchase agreement with 88 Energy and Burgundy Xploration to farm-in for a 60% interest in Area A,....

  • Rocking the NS investment boat: another effort to raise oil taxes - 08/25/2019  An initiative was filed Aug. 16 to put what backers are calling the “Fair Share Act” on the Alaska ballot in 2020, increasing what the group calls “Alaskans' share of production revenues from the sale of our oil.” This is the second oil tax related initiative Alaska has seen in recent years. The cu....


  • RCA orders rework of some elements in CINGSA’s proposed tariff rates - 08/25/2019  Following a lengthy hearing, the Regulatory Commission of Alaska has ordered Cook Inlet Natural Gas Storage Alaska to rework its proposed revenue requirement. The revenue requirement, the revenue that a utility needs to obtain to cover its costs and earn a return on its investments, is a key factor....

  • Balash resigns from Department of Interior - 08/25/2019  Joe Balash, assistant secretary of the U.S. Department of the Interior, has resigned effective Aug. 30, Alaska Public Media reported Aug. 20. Secretary of Interior David Bernhardt announced the resignation by tweet Aug. 20, saying that Balash had announced that day he would be moving on from Interio....

  • Oil Search, Conoco team up in Alaska - 08/25/2019  Oil Search Ltd.’s half year financial report and webcast on Aug. 20 carried news about its Alaska activities and plans, most significant that Oil Search (Alaska) LLC is working with ConocoPhillips to develop the North Slope’s big Nanushuk oil reservoir and that the ASX listed company is still lookin....

  • Koch joins Alberta oil sands bailout - 08/25/2019  The foreign based pullout from Alberta’s oil sands sector gathered even more momentum with word that giant Koch Industries has sold it assets to Calgary based Paramount Resources, notably the largest land holding in the Athabasca region. The deal includes turning over five oil sands leases to Cavali....

  • US drilling rig count up by 1 to 935 - 08/25/2019  On Aug. 16 the number of rigs drilling for oil and natural gas in the U.S. was up by one from the previous week to 935, Houston oilfield services company Baker Hughes said, but down 122 from 1,057 active rigs a year ago. In its weekly rig count, the company reported that 770 rigs targeted oil (up si....

  • Oil patch bits: Lynden training center first to conduct rescue course - 08/25/2019  The Lynden Training Center recently conducted a six day course in Kodiak for the Kodiak Fire Department. “We are extremely proud that the General Technical Rescuer class is the first of its kind to be taught in Alaska for State of Alaska certification,” says Tyler Bones, director of HSSE. The Fairb....






























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