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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Pikka expanding - 06/16/2024 (Full story) Santos Limited's operating subsidiary in Alaska, Oil Search (Alaska), or OSA, is looking to expand the 77,744-acre Pikka unit by 19,664 acres of state land. The Pikka unit is located on the North Slope of Alaska, along the Colville River. The proposed expansion area is south of and adjacent to lease....

  • Looking for equality - 06/16/2024 (Login to read Full story) John Hendrix, owner of the HEX companies, which include Furie Operating Alaska, the operator and owner of the Cook Inlet Kitchen Lights unit, said June 11 that he is primarily looking for an equalization of royalty rates. Royalties are paid from gross oil and gas production income. Those receiving r....

  • Spring sales draw just three bids as Hilcorp fills in around units - 06/16/2024 (Login to read Full story) The state's spring areawide oil and gas lease sales drew just three bids, all in the Cook Inlet areawide sale, on 4,441 acres, all from Hilcorp Alaska, for leases close or adjacent to existing Hilcorp units on the Kenai Peninsula and on the west side of Cook Inlet. The cash bonus portion of the sale....

  • Division conditionally approves Hilcorp's N Trading Bay unit POD - 06/16/2024 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has given Hilcorp Alaska a specific set of conditions it must meet or the division will terminate the North Trading Bay unit. The NTBU is made up of three state leases in Cook Inlet, adjacent on the northeast to the much larger Tra....

  • Baker Hughes US rig count down 6 at 594 - 06/16/2024 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was 594 the week ending June 7, down six from 600 the previous week, and down by 101 from 695 a year ago, with the count last week unchanged from the previous week. Over the last eight weeks the rig count was unchanged one week, down in five and up in....

  • EIA forecasts increasing US crude volumes - 06/16/2024 (Login to read Full story) The U.S. Energy Information Administration expects to see U.S. crude oil production hit new annual records this year and next, up 2% from a 2023 annual average of 12.9 million barrels per day to 13.2 million bpd this year and increasing another 4% in 2025 to 13.7 million bpd. Crude from the Permian....

  • This month in history: Longest horizontal directional drilled pipe - 06/16/2024 (Login to read Full story) SEditor's note: This story first appeared in the June 6, 2004, issue of Petroleum News. In 1991, Enstar Natural Gas Co. did the first horizontal directional drilling in Alaska when it replaced a section of its Beluga pipeline under the middle channel of the Susitna River on the west side of Cook Inl....

  • AIDEA salutes NSB's support of Alyeschem - 06/16/2024 (Login to read Full story) On June 11, the Alaska Industrial Development and Export Authority thanked the North Slope Borough for its resolution of support of the Alyeschem project. The borough's resolution supports collaborative efforts with AIDEA to advance economic development, create jobs, and decrease emissions. The Aly....

  • Oil patch bits: Alliance posts results of Anchorage golf tournament - 06/16/2024 (Login to read Full story) The Alaska Support Industry Alliance said June 10 that it has posted the results of its annual Alliance Golf Tournament at Moose Run. Northern Industrial Training took first place, ASRC Energy Services took second and the Santos/Hendrix team took third. The event is the fourth largest fundraising....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242

    The eAlert News Bulletin Service is our premier information service. Often delivered multiple times per week by email, it provides the latest breaking news for the oil and gas industry.
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