State headed back toward deficits
The North Slope is on pace to experience even steeper declines in development drilling this year than it did last year.
The seven North Slope producer-operators drilled 54 development wells during the first half of the year, down from 76 during the same period in 2016, representing a 28 percent decline. By comparison, the 76 development wells from the first half of 2016 represented an 18 percent decline over the 93 development wells drilled during the first half of 2015.
The figures include wells labeled "development" (also known as production wells) and "service" (also known as injection wells) in the weekly well reports published by the Alaska Oil and Gas Conservation Commission. Some exploration wells are later converted to development wells. Some development wells are reported at a delay after completion. As a result, revised totals could be higher but are unlikely to be lower.
The reduced drilling activity is a steep decline over last year, but lies within historic averages.
- ERIC LIDJI
British Columbia turns to energy sector to boost economy
The North Slope is on pace to experience even steeper declines in development drilling this year than it did last year.
The seven North Slope producer-operators drilled 54 development wells during the first half of the year, down from 76 during the same period in 2016, representing a 28 percent decline. By comparison, the 76 development wells from the first half of 2016 represented an 18 percent decline over the 93 development wells drilled during the first half of 2015.
The figures include wells labeled "development" (also known as production wells) and "service" (also known as injection wells) in the weekly well reports published by the Alaska Oil and Gas Conservation Commission. Some exploration wells are later converted to development wells. Some development wells are reported at a delay after completion. As a result, revised totals could be higher but are unlikely to be lower.
The reduced drilling activity is a steep decline over last year, but lies within historic averages.
- ERIC LIDJI
public which the division considers when reviewing a POD, but also said the settlement agreement does not prohibit submission of a revised expansion project planning POD and gave ExxonMobil until Oct. 31 to submit a revised POD.
- KRISTEN NELSON
See stories in Sept. 3 issue of Petroleum News, available online Sept. 1 at www.PetroleumNews.com
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