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Oil patch insider: AIDEA praises Furie; Donlin close
to development w/ 300-mi gas line
Kay Cashman Petroleum News
On Aug. 25, the Alaska Industrial Development and Export Authority, or AIDEA, congratulated Furie Operating Alaska on the continued success of its 2025 drilling season.
The company's natural gas production has increased as expected with recently drilled wells. Furie is actively monitoring and evaluating the positive results of these wells, which have shown "promising outcomes," AIDEA said in a press release,
In the third quarter of this year, Furie is preparing to install two 30-inch well conductors and one 20-inch well conductor at the Allegra Leigh platform (formerly Julius R.). This strategic move will enable Furie to have 13 producing wells at the platform, more than doubling the original designed well count.
Due to the success of its 2025 drilling program, AIDEA said Furie is accelerating its budgeting and planning for up to four new grassroots wells in 2026 and additional wells in 2027.
"This proactive approach demonstrates Furie's dedication to exploring and developing significant additional natural gas resources in the Cook Inlet basin, ultimately benefiting Alaskans," AIDEA said.
In mid-June, a small group of AIDEA board members and staff flew out to the Spartan 151 rig to witness project operations up close. Their visit highlighted the scale and efficiency of Furie's ongoing efforts, AIDEA said.
A video of this trip can be viewed at https://bit.ly/HEXrigVisitjune2025.
As the only 100% Alaskan-owned oil and gas producer in the state, Furie continues to demonstrate that Cook Inlet holds untapped potential for natural gas development. Their efforts underscore the importance of locally produced energy in securing a reliable and sustainable future for Alaskans, AIDEA said, commending Furie's "commitment to safety, innovation, and community. "
Furie and its parent company, HEX Cook Inlet, are headquartered in Anchorage and are passionate about developing Alaska's resources for Alaskans.
Furie operates only in Cook Inlet and only produces natural gas for Alaskans.
AIDEA, established by the Alaska State Legislature in 1967, 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.
Donlin moves closer to development As reported by Shane Lasley in North of 60 Mining News on Aug. 22, the newly formed Donlin Gold JV is committed to turning the Donlin Gold project into the largest gold mine in the United States; a development that will include a 300-mile natural gas pipeline from Cook Inlet in Southcentral Alaska to the project in Southwest Alaska.
With Barrick's exit, both partners of the reshaped JV are firmly behind the development of a mine at Donlin Gold, a 40-million-ounce gold project that has been on the cusp of a development decision for nearly 15 years.
MINI-HEADLINE
Pantheon permits Dubhe 1H
On Aug. 20, Great Bear Pantheon permitted the Dubhe 1H exploration well on the Arctic Slope.
The permit number is 225-087 50-223-20042-01-00.
--Oil Patch Insider is compiled by Kay Cashman
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