Alaska's source for oil and gas news
Alaska's source for oil and gas news
Sorted by date Results 1 - 13 of 13
The Alaska Center for Energy and Power at the University of Alaska, Fairbanks, has published the results of a study into possible strategies for decarbonizing the Alaska Railbelt electricity generation grid by 2050. Rather than developing an actual plan for decarbonization, the purpose of the study was to evaluate the technical viability and potential cost of decarbonization scenarios, to inform the Alaska public and decision makers on the cost and power supply reliability issues associated with decarbonization. On Jan. 19 members of the...
Alaska North Slope crude pressed higher into the $80s Jan. 24, gaining 70 cents to close at $80.79 per barrel. West Texas Intermediate gained 72 cents on the day to close at $75.09 and Brent added 49 cents to close at $80.04. Prices were supported by a massive 9.2 million barrel drawdown of U.S. commercial crude oil inventories for the week ending Jan. 19, revealed by the U.S. Energy Information Administration in its Jan. 24 status report. The drop dwarfed the 2.2 million barrel draw analysts forecast in a Reuters poll. Inventories were left...
On Jan. 17, a legislative hearing was sponsored by Alaska Sen. Cathy Giessel and Rep. Tom McKay in order to host a Lunch & Learn session about the Cook Inlet hydrocarbon basin by two key members of the Alaska Department of Natural Resources Division of Oil and Gas. Division Director Derek Nottingham and commercial analyst for oil and gas Weston Nash made the presentation. (See presentation slides in the online issue PDF) Part one of this story will mainly cover what was said by Nottingham. "We want to convey to you how important Cook Inlet gas...
Hilcorp Alaskas proposed Cottonfield 6 exploration well was a focus of concerns from those living in the area, as the Alaska Oil and Gas Conservation Commission held a hearing on the companys request for a spacing exception Jan. 18 in Anchorage. (See map in the online issue PDF) The company has drilled a number of stratigraphic test wells at the prospect east of Cosmopolitan on the southern Kenai Peninsula, and now plans its first exploration well at the prospect. Because there are other owners within 1,500 feet of the proposed well, the...
In its Jan. 19 approval of Hilcorp Alaskas 20th plan of development for Northstar, the Alaska Department of Natural Resources Division of Oil and Gas said the plan protects the public interest by preventing waste through continued production from existing wells, maximizing water injection in the Kuparuk reservoir for pressure maintenance and increasing Ivishak formation gas injection. In the 19th POD Hilcorp had committed to a workover on the NS-16A well, work which was successfully performed, the division said, along with five additional...
Chevron is stepping up the streamlining of its Canadian assets by putting its natural gas business in northern Albertas Duvernay natural gas play up for sale in a deal it expects will generate C$1.2 billion. The assets, which yield about 40,000 barrels per day of oil and gas from almost 1,000 square kilometers in the Duvernay fields, could fetch US$900 million according to Houston-based firm Energy Advisors Group. The transaction is part of Chevrons plans to offer for sale at least US$10 billion in assets over the next 4 years after a...
The Baker Hughes U.S. rotary drilling rig count was 620 for the week ending Jan. 19, up by one rig from 619 the previous week, and down by 151 from 771 a year ago. The rig count increased four of the last eight weeks, but the overall loss of nine rigs over the period compared to a gain of seven continues a downward trend dominant since the beginning of May. A drop of 17 to 731 on May 12, 2023, was the steepest weekly drop since June of 2020, during the first year of the COVID-19 pandemic, when the count also dropped by 17 to 284 on June 5, foll...
Cook Inlet Energy, a Glacier Oil and Gas company, operates the Badami unit on the North Slope under a subsidiary, Savant Alaska. CIE met with Alaska Oil and Gas Conservation Commission staff Oct. 5 for a pre-submittal meeting on permits for the Badami B1-33 and B1-33PH wells and submitted the permit applications Oct. 16. Its been back and forth ever since, with the company targeting a Feb. 1 spud date and still no permit. In a Jan. 23 public hearing, AOGCC staff discussed the issue, followed by a presentation by CIE. Its technical, with CIE...
The Alaska Department of Natural Resources Division of Oil and Gas has approved assignments for eleven Prudhoe Bay unit leases. The division said in the Jan. 17 decisions that assigning interests to six decimal places allows identical working owner interest across all Prudhoe Bay unit leases. The same eleven leases are included in the three decisions. Assignments include transferring 36.402687% working interest from Hilcorp North Slope to ExxonMobil Alaska Production with Hilcorp North Slope retaining 27.520567% interest. The division said...
Activities on a Beluga River unit injection well, BRU 232-09, have been approved for inclusion in the unit plan of operations for the BRU. No surface expansion or alteration to well infrastructure will occur, the Alaska Department of Natural Resources Division of Oil and Gas said in a Jan. 17 lease plan of operations amendment decision. The well was drilled by Chevron U.S.A. in 1985, the division said, and converted to a Class I injection well by ConocoPhillips Alaska in 2009, before being transferred to Hilcorp Alaska in 2016. Hilcorp operates...
The latest North Slope and Cook Inlet oil and gas activity maps were recently posted on the Alaska Department of Natural Resources Division of Oil and Gas website (see maps in pdf and print versions of this story). Both maps are dated December 2023 but were released in January 2024 in legislative hearings. The last time the division released activity maps was in June 2023. Both the December 2023 Cook Inlet and North Slope maps are very detailed, including such things as unit boundaries, prospects, planned early 2024 exploration wells, seismic...
Hilcorp Alaska has applied for a permit for a 2D seismic line on the Kenai Peninsula running some 46 miles from Clam Gulch to Anchor Point along the Sterling Highway. The Alaska Department of Natural Resources Division of Oil and Gas said in a Jan. 22 public notice that comments on the project are due by 4:30 p.m. Feb. 5. The division said the survey is to provide seismic data for evaluation of future drilling targets and to fill in current gaps in data. In its application Hilcorp said two vibe trucks will be used and will travel along the...
Coffman Engineers Inc. said Jan. 19 that it is pleased to welcome Amber Benham to its electrical department and congratulates her on earning her Alaska professional engineering license in control systems engineering. Benham received two Bachelor of Science degrees in chemical engineering and biological engineering from Montana State University. She has 9 years of experience in the refining industry as a process control and control systems engineer and brings a new capability to Coffmans line of services. Her experience includes control system...
