Alaska's source for oil and gas news
Alaska's source for oil and gas news
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At its Nov. 22 Investor Day in Sydney, Mark Ireland, Santos senior vice president subsurface and exploration for Alaska, said the Pikka Phase 1 project is now 30% complete, with five wells drilled and the second completion under way. Pikka Phase 1 is exploiting the heart of the Nanushuk 2 and 3 reservoirs. (See chart in the online issue PDF) "It's early days yet ... but the results to date are looking great. ... As I stand here today, I call Pikka Phase 1 30% complete a little over a year after FID. We'e building our foundation for future...
The Organization of the Petroleum Exporting Countries and its allied exporting nations including Russia once again set the tone for oil traders in anticipation of the organization's rescheduled production-setting meeting Nov. 30. Prices moved higher as the meeting approached. Alaska North Slope crude popped $1.22 in Nov. 29 trading to close at $85.16 per barrel, while West Texas Intermediate leapt $1.45 to close at $77.86 and Brent leapt $1.42 to close at $83.10. Nov. 29 gains built on price increases Nov. 28 which saw ANS jump $1.54 to close a...
Alaska North Slope liquids production for October averaged 469,988 barrels per day, up 15,472 bpd, 3.4%, from a September average of 454,516 bpd, but down 2.2% from an October 2022 average of 480,426 bpd. ANS volumes include crude as well as natural gas liquids from three North Slope fields: Prudhoe Bay, Northstar and Endicott. Crude averaged 417,085 bpd, 88.7% of October production, up 2.4%, 9,678 bpd, from a September average of 407,407 bpd, but down 2% from an October 2022 average of 425,644 bpd. NGLs, 11.3% of October volume, averaged 52,90...
Natural gas production from Cook Inlet averaged 202,795 thousand cubic feet per day in October, up 8,648 mcf per day, 4.5%, from a September average of 194,146 mcf per day but down 7.3% from an October 2022 average of 218,828 mcf per day. Volumes are calculated from Alaska Oil and Gas Conservation Commission data which is reported on a month-delay basis. For natural gas AOGCC reports measurements in thousands of cubic feet, mcf. Seven fields, each with 5% or more of the total volume, represent 84.2% of October production, 170,661 mcf per day:...
A spokesperson for APA Corp., holding company for Apache Corp., told Petroleum News in mid-November that the "farm in agreement" between APA, Armstrong Oil & Gas's Lagniappe Alaska, and Santos on a 148 lease block on Alaska's eastern North Slope had been "executed and we are proceeding in accordance with it." The lease block encompasses 270,000 acres south of the Badami unit. The agreement between the three companies is in line with Santos'Alaska strategy to focus on its big Pikka development west of the central North Slope. Santos said Sept....
After years of foot-dragging, the Canadian government is expected to finally deliver over the next month on its promise of investment tax credits for carbon capture and sequestration projects, unleashing an array of projects carrying price tags in the range of multi-billion dollars. But the impending shift to carbon capture and underground storage, CCUS, as a major advance by oil and gas producers to achieve decarbonizing of their operations clashes with a warning from the International Energy Agency against banking on CCUS technology to end...
The Alaska Department of Natural Resources'Division of Oil and Gas has approved a 2024 plan of development submitted by Prudhoe Bay operator Hilcorp North Slope for the western satellites -- Aurora, Borealis, Midnight Sun, Orion and Polaris. The POD approval, signed by division Director Derek Nottingham, covers Jan. 1 through Dec. 31 of next year. In the 2023 POD, which covers this calendar year, Hilcorp had planned to drill up to 26 new wells and do four rig workovers, the division said, but only completed 14 new wells with four more pending...
The Baker Hughes'U.S. rotary drilling rig count was 622 for the short Thanksgiving week ending Nov. 22, up by four rigs from the previous week, and down by 162 from 782 a year ago. The rig count has been up in five and down in three of the last eight weeks, with a total gain of nine against losses of 13, continuing a downward trend dominant since the beginning of May. A drop of 17 on May 12 was the steepest drop since June of 2020, during the first year of the COVID-19 pandemic. The Nov. 22 count is the lowest since Feb. 4, 2022, when the...
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Editor's note: This story first appeared in the Dec. 7, 2003, issue of Petroleum News. Ninilchik is Marathon's most significant development in Alaska this year, John Barnes, Marathon's Alaska business unit manager, told the Resource Development Council's annual conference Nov. 20, 2003, in Anchorage. The field began producing Sept. 2 and is currently producing more than 25 million cubic feet a day from four wells. Barnes said production is expected to be more than 40 million cubic feet a day by the end of the year. Marathon owns 60% of the...
Editor's note: This story first appeared in the Dec. 14, 2003, issue of Petroleum News. BP Exploration (Alaska) President Steve Marshall told the Resource Development Council in November 2003 that the company is revisiting some of the North Slope's more challenging oil accumulations in an effort to produce known resources. One of those, he said, is Lisburne, where two recent wells provide hope that the giant carbonate oil field on the eastern edge of the Prudhoe Bay field can be economically produced. Lisburne started to get another look in...
As reported by Lynden News Nov. 15, Alaska West Express is one of only 33 trucking companies in the nation to be accepted into the Safe Driver Apprenticeship Program through the Federal Motor Carrier Safety Administration. The pilot program was established to allow drivers with a commercial driver's license between the ages of 18-20 to operate motor vehicles carrying interstate as well as intrastate commerce. "This is a fantastic opportunity for the trucking industry, especially in Alaska where the majority of the freight is classified as...
