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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. |
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Chasing Brookian
- 12/04/2022 (Full story)
With work scheduled to begin Dec. 15, Great Bear Pantheon, the Alaska operating arm of Pantheon Resources Ltd., has filed a unit plan of operations application with the Alaska Department of Natural Resources' Division of Oil and Gas to drill the Talitha B exploration well in the central North Slope'....
Mercurial oil trade
- 12/04/2022 (Login to read Full story)
Alaska North Slope crude leapt $2.28 Nov. 30 to close at $89.63, while West Texas Intermediate vaulted $2.35 to close at $80.55 and Brent surged $2.40 to close at $85.43.
The gains came about in a surge amid a risk on atmosphere torched off by dovish comments from Federal Reserve Chair Jerome Powell....
AOGCC approves flaring
- 12/04/2022 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission has approved flaring in association with a long-term production test of Great Bear Pantheon's Alkaid 2 exploration well, but in three-month increments, not for the nine months requested by the company.
In a Nov. 23 order, the commission said the author....
Alaska economy slowest to recover from COVID, Neal Fried tells RDC
- 12/04/2022 (Login to read Full story)
Alaska's economy has been the slowest in the country to cover from the COVID pandemic, Neal Fried, senior economist with the Alaska Department of Labor and Workforce Development, told the Resource Development Council's 43rd Annual Alaska Resources Conference Nov. 16.
The oil and gas industry in the....
Alaska's Division of Oil and Gas approves BlueCrest's 2023 plan
- 12/04/2022 (Login to read Full story)
On Nov. 23 the Alaska Department of Natural Resources' Division of Oil and Gas sent a letter of approval to BlueCrest Alaska Operating for the independent's proposed ninth plan of development for its Cosmopolitan unit.
(See map in the online issue PDF)
The approval letter was addressed to BlueCres....
BOEM's final notice out for Cook Inlet sale; bid reading online
- 12/04/2022 (Login to read Full story)
The federal Bureau of Ocean Energy Management issued a final notice of sale for its Dec. 30 Cook Inlet lease sale on Nov. 28. BOEM said it will offer 193 blocks, some 958,202 acres in the northern portion of the Cook Inlet planning area.
The Inflation Reduction Act of 2022 required BOEM to hold the.... |
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Proposed BLM rules target venting, flaring
- 12/04/2022 (Login to read Full story)
The U.S. Department of the Interior said Nov. 28 that the Bureau of Land Management is proposing rules addressing venting, flaring and leaks from oil and gas facilities on public and Indian lands. Reduced waste would increase natural gas for use and increase royalties, Interior said, citing waste of....
Alaska-Mackenzie Rig Report - 12/04/2022 (Login to read Full story)
Alaska-Mackenzie Rig Report - You must be a logged in subscriber to read this report.....
POD, SOP extended for Middle Ground Shoal
- 12/04/2022 (Login to read Full story)
Hilcorp Alaska suspended production at its Middle Ground Shoal unit in Cook Inlet in early April 2021 after it discovered a leak in the fuel gas pipeline. The company had just submitted the 2021 plan of development for Middle Ground Shoal to the Alaska Department of Natural Resources' Division of Oi....
US rotary drilling rig count up 2 to 784 - 12/04/2022 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 784 on Nov. 23 (the count done on Wednesday rather than Friday because of Thanksgiving), up by two from the previous week and up 215 from 569 a year ago.
When the count dropped to 244 more than two years ago, in mid-August 2020, it was the lowest....
This month in history: Myers: Alaska has resources to increase pie
- 12/04/2022 (Login to read Full story)
State Division of Oil and Gas Director Mark Myers says “Mother Nature smiled on us” in Alaska, giving us the resources to increase state revenues through the drill bit, not the tax bill.
As production decreases and tax revenues drop, he said, one way to keep revenues up is to increase taxes on oil.....
This month in history: State renews trans-Alaska oil pipeline
- 12/04/2022 (Login to read Full story)
Editor's note: This story appeared in the Dec. 1, 2002, issue of Petroleum News Alaska
State and industry officials celebrated the state renewal of the trans-Alaska pipeline and five North Slope feeder lines Nov. 26 in Anchorage.
Alaska Commissioner of Natural Resources Pat Pourchot said concerns e.... |
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