Gas wells online
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Furie's two new wells producing more than 3 million cubic feet per day
Kay Cashman Petroleum News
On July 24, HEX Cook Inlet's wholly owned subsidiary Furie Operating Alaska brought online its two new gas wells in the Kitchen Lights unit, or KLU. The wells are performing as designed at more than 3 million cubic feet of natural gas per day.
On July 25, lender AIDEA, the Alaska Industrial Development and Export Authority, published the information in a press release, congratulating operator Furie "for the successful completion of its 2025 summer drilling program and its continued leadership in advancing Alaska's energy independence."
Furie used the Spartan 151 jack-up for its 2025 $40 million program.
Additionally, the KLU A-2A well was successfully worked over in late June and has returned to production, further strengthening HEX Cook Inlet's operational capacity in the Cook Inlet basin.
In what AIDEA described as a symbolic gesture of legacy and local pride, the company's Julius R. Platform has been renamed the Allegra Leigh Platform, honoring the first granddaughter of John and Candace Hendrix -- a fourth generation Alaskan.
Born and raised in Alaska, Hendrix is the owner of HEX, the parent of HEX Cook Inlet.
"We extend our gratitude to Furie's leadership, employees, contractors, and partners at the Department of Natural Resources for their role in delivering a safe and productive drilling season," AIDEA said.
"AIDEA continues to support strategic investments through our direct finance program that responsibly develops Alaska's natural resources for the benefit of all Alaskans," said AIDEA Chief Investment Officer Geoff Johns. "Furie's progress in Cook Inlet exemplifies the kind of local leadership and energy development that strengthens our economy, supports jobs, and enhances energy security across Southcentral Alaska."
Furie's "success is a reminder that Cook Inlet-produced energy is the best energy to supply Alaskans -- clean, local, and reliable," AIDEA said.
June 30, 2020 Hendrix formed the HEX companies for the purpose of purchasing Furie, its sister companies and their Cook Inlet assets -- principally to switch the Cook Inlet Kitchen Lights unit from foreign and Outside ownership to Alaskan ownership.
He accomplished this on June 30, 2020, making the purchase from a Delaware bankruptcy court.
Key milestone On May 2 of this year, AIDEA and HEX Cook Inlet announced the successful signing of loan documents supporting Furie's multi-year $50 million Revolving Line of Credit.
This agreement marked a key milestone in securing the financing necessary to advance new drilling operations and expand energy infrastructure to meet the growing demand for locally produced natural gas in Alaska and contributes to reducing the forecasted Cook Inlet natural gas supply gap.
In addition to expanding Alaska's natural gas supply, the project enhances the competitiveness of local gas markets by broadening access to resources and reducing reliance on imported energy.
EAD More about Furie Furie is the only 100% Alaskan-owned oil and gas production company in Alaska. Furie and its parent HEX Cook Inlet are headquartered in Anchorage, Alaska, and are passionate about developing Alaska's resources for Alaskans.
Furie operates only in Cook Inlet and only produces natural gas for Alaskans.
More about AIDEA Established by the Alaska Legislature in 1967, AIDEA is an independently governed public corporation tasked with promoting the economic welfare of Alaskans.
Through flexible financing solutions, AIDEA has invested more than $3 billion in projects that drive economic development and job creation across the state.
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