Bear 1 well dry hole, says ConocoPhillips
In its 2023 10-K, ConocoPhillips reported on its Bear 1 wildcat, saying that - no commercial hydrocarbons were found and the well was deemed a dry hole and permanently plugged and abandoned.-
Bear 1, which was on oil and gas lease ADL 393519, was spud in February and completed on April 3, 2023.
As previously reported, prior to completion ConocoPhillips Alaska President Erec Isaacson described the company's Bear 1 well as a Brookian Topset play, which was what the Oil Search/Armstrong team drilled at Pikka, Horseshoe, Stirrup, Mitquq - and that ConocoPhillips Alaska drilled at Willow.
- Kay Cashman
See full story in March 31 issue of Petroleum News, available Thursday, March 28 at www.PetroleumNews.com
around a liquefied natural gas project at tidewater in Southcentral Alaska.
The agreement is just the first step, Parnell said at a press conference this morning announcing the alignment.
The company CEOs laid out some of the work they see ahead in a letter, dated today, announcing alignment under an AGIA framework.
They said the commercial potential of the 35 trillion cubic feet of discovered natural gas on Alaska’s North Slope could be unlocked “under the right business climate” and said “competitive and stable fiscal terms with the State of Alaska” will have to be established before the state’s gas resources can be commercialized.
Parnell said that if other benchmarks are met — completion of discussions by the third quarter of the year to determine what potential exists to consolidate effo the oil companies, the companies negotiated commercial terms privately among themselves.
The agreement, plus a very helpful 20-page Point Thomson settlement overview and other documents, are available at http://dnr.alaska.gov/commis/priorities/point_thomson.htm.
—Wesley Loy
Alignment on commercializing North Slope gas
EAB rejects appeal against Shell’s Kulluk air permit
The Environmental Appeals Board, or EAB, has rejected the appeal by Earthjustice on behalf of several environmental groups against the Environmental Protection Agency’s air quality permit for Shell’s use of its Kulluk floating drilling platform for exploratory drilling in the Alaska Beaufort Sea, starting this summer.
In an order issued today the EAB, the panel of judges with final authority over decisions made by the Environmental Protection Agency, said that the petitioners’ against the air permit have failed to show that the agency erred in issuing the permit.
“For the foregoing reasons, the board concludes that none of the petitioners have demonstrated that review of (the permit) … is warranted on any of the grounds presented. The board therefore denies review of the permit,” the EAB wrote in its order.
—Alan Bailey
See stories in April 8 issue, available online at 11 a.m., Friday, April 6, at www.PetroleumNews.com
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