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Providing coverage of Alaska and northern Canada's oil and gas industry
April 2018

Vol. 23, No.14 Week of April 08, 2018

ANS February production down 3 percent

North Slope crude averaged 513,836 bpd in February, down from 529,420 bpd in January; Cook Inlet up 2.7% at 16,423 bpd for February

Kristen Nelson

Petroleum News

Alaska North Slope crude oil production averaged 513,836 barrels per day in February, down 2.9 percent from a January average of 529,420 bpd, and down 2.5 percent from a February 2017 average of 526,760 bpd.

Production data is from the Alaska Oil and Gas Conservation Commission, which provides volumes by well on a month-delay basis.

The largest month-over-month per-barrel decline was at the BP Exploration (Alaska)-operated Prudhoe Bay field, the Slope’s largest. Prudhoe averaged 260,990 bpd in February, down 13,493 bpd (4.9 percent) from a January average of 274,483 bpd, and down 8.9 percent from a February 2017 average of 280,681 bpd.

The largest month-over-month percentage drop was at Caelus Alaska’s Oooguruk field, which averaged 10,624 bpd in February, down 7.4 percent (844 bpd) from a January average of 11,468, and down 25.7 percent from a February 2017 average of 14,297 bpd.

Some year-over-year increases

Northstar, operated by Hilcorp Alaska, averaged 8,985 bpd in February, down 5.4 percent, 511 bpd, from a January average of 9,496, but up 56 percent from a 5,753 bpd average in February 2017.

The ConocoPhillips Alaska-operated Colville River field averaged 64,488 bpd in February, down 3.9 percent, 2,601 bpd, from a January average of 67,089 bpd, but up 3.1 percent from 62,550 bpd in February 2017. ConocoPhillips added a pad, CD5, at Colville River in 2015 and based on results from the original 15 wells expanded the development to 23 wells with another 10 wells planned.

The Kuparuk River field, also operated by ConocoPhillips, averaged 120,843 bpd in February, down 0.3 percent, 413 bpd, from a January average of 121,256, but was up 7.42 percent from a February 2017 average of 112,498 bpd.

Two other fields with month-over-month declines also had year-over-year declines.

Badami, operated by Savant Alaska, a Glacier Oil company, averaged 665 bpd in February, down 5.4 percent from an average of 703 bpd in January, and down 25.1 percent from a February 2017 average of 888.

Endicott, operated by Hilcorp, averaged 6,791 bpd in February, down 2.3 percent, 163 bpd, from a January average of 6,954, and down 12.4 percent from a February 2017 average of 7,755 bpd.

Month-over-month increases

The ExxonMobil Production-operated Point Thomson field, with one well in production, averaged 5,592 bpd in February, up 68 percent, 2,266 bpd, from a January average of 3,326 bpd, and down 19.2 percent from a February 2017 average of 6,919 bpd.

Milne Point, operated by Hilcorp, averaged 20,868 bpd in February, up 1 percent, 207 bpd, from a January average of 20,661 bpd, and up 3.2 percent from a February 2017 average of 20,227 bpd.

Eni’s Nikaitchuq averaged 13,990 bpd in February, up marginally, 6 bpd, from a January average of 13,984 bpd, but down 7.9 percent from a February 2017 average of 15,192 bpd.

Cook Inlet

Cook Inlet crude oil production averaged 16,423 bpd in February, up 2.7 percent, 436 bpd, from a January average of 15,987 bpd, and up 13.2 percent from a February 2017 average of 14,514 bpd.

Hilcorp’s Beaver Creek averaged 107 bpd, up 20.2 percent from a January average of 89 bpd, but down 94.2 percent from a February 2017 average of 185 bpd.

Hilcorp’s Granite Point averaged 2,844 bpd in February, down 7 percent, 214 bpd, from a January average of 3,058, but up 15.7 percent from a February 2017 average of 2,458 bpd.

BlueCrest’s Hansen field, the Cosmopolitan project, averaged 827 bpd in February, up 140 percent, 482 bpd, from a January average of 345 bpd, going from one to two producing wells, and up 451.3 percent from a February 2017 average of 150 bpd.

Hilcorp’s McArthur River, Cook Inlet’s largest, averaged 5,108 bpd in February, down 3 percent, 158 bpd, from a January average of 5,266 bpd, but up 28 percent from a February 2017 average of 3,991 bpd.

Hilcorp’s Middle Ground Shoal averaged 1,539 bpd in February, down 1.9 percent, 29 bpd, from a January average of 1,568, and down 12 percent from a February 2017 average of 1,750 bpd.

The Redoubt Shoal field, operated by Glacier Oil’s Cook Inlet Energy, averaged 1,467 bpd in February, up 15.3 percent, 195 bpd, from a January average of 1,272, and up 73.2 percent from a February 2017 average of 847 bpd.

Hilcorp’s Swanson River field averaged 1,574 bpd, down 3.1 percent, 50 bpd, from a January average of 1,624 bpd, and down 21.9 percent from a February 2017 average of 2,014 bpd.

Hilcorp’s Trading Bay averaged 1,833 bpd in February, up 3 percent, 54 bpd, from a January average of 1,779 bpd, and up 10.4 percent from a February 2017 average of 1,661 bpd.

West McArthur River, operated by Glacier Oil’s Cook Inlet Energy, averaged 1,124 bpd in February, up 14 percent, 138 bpd, from a January average of 986 bpd, but down 22.9 percent from a February 2017 average of 1,458 bpd.

ANS crude oil production peaked in 1988 at 2.1 million bpd; Cook Inlet crude oil production peaked in 1970 at more than 227,000 bpd.






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