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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access. |
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Mustang striding
- 05/26/2024 (Login to read Full story)
Mustang Holding is moving forward at a steady clip with owner Finnex's plan to conduct a multi-year onshore oil and gas project year-round in the Mustang field in the Southern Miluveach unit of Alaska's North Slope. (The unit lies between the Kuparuk River and Colville River units.)
The Mustang fiel....
Mixed energy bill fates
- 05/26/2024 (Login to read Full story)
As the 33rd Alaska Legislature ended its second session May 15, two major energy bills -- both from the governor -- passed, while other bills aimed at the Cook Inlet natural gas shortage, including a bill to reduce Cook Inlet royalties to encourage more natural gas production and a bill aimed at bri....
ANS grips mid-$80s
- 05/26/2024 (Login to read Full story)
Despite plunging $2.40 in three consecutive trading days, Alaska North Slope crude persevered in the mid-$80s May 22, closing at $84.35 per barrel after falling $1.04 on the day. WTI plunged $1.60 on the day to close at $77.57 and Brent fell 98 cents to close at $81.90.
All three benchmarks ended t....
Kuparuk 2024 POD lists new pad, 17 wells in 3 participating areas
- 05/26/2024 (Full story)
ConocoPhillips Alaska, operator of the Kuparuk River unit, filed the 2024 plan of development for the unit with the Alaska Department of Natural Resources' Division of Oil and Gas on May 15. The 2024 POD covers Aug. 1 through July 31, 2025. ConocoPhillips is the majority working interest owner at Ku....
Hilcorp plans as many as 20 stratigraphic test wells on Kenai - 05/26/2024 (Login to read Full story)
Hilcorp Alaska plans as many as 20 stratigraphic test wells on the Kenai Peninsula this summer and has applied to the Alaska Department of Natural Resources' Division of Oil and Gas to permit the eight wells which are on state of Alaska subsurface, the company said in its May 15 application. A total....
KRU mobile grind & inject unit proposed; would move with rig
- 05/26/2024 (Login to read Full story)
ConocoPhillips Alaska, the Kuparuk River unit operator, has applied to the Alaska Department of Environmental Conservation to modify an existing solid waste disposal permit to include a mobile grind and inject unit that would follow a drill rig and operate throughout Kuparuk.
The company's existing....
Mustang developed by small independent
- 05/26/2024 (Login to read Full story)
A story on page 1 of this issue covers the progress being made by new owner Finnex to get the North Slope Mustang field re-started later this year.
The history of the field is in its own right just as noteworthy as that effort.
Mustang was the first oil field on Alaska's North Slope to have been tak.... |
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No significant new info for fall sales
- 05/26/2024 (Login to read Full story)
Derek Nottingham, director of the Division of Oil and, has issued a decision of no significant new information May 10 for the state's fall areawide lease sales, the Beaufort Sea, North Slope and North Slope Foothills.
The division issued a call for significant new information for the sales in April....
This month in history: Right sizing
- 05/26/2024 (Login to read Full story)
Editor's note: This story first appeared in the May 30, 2004, issue of Petroleum News.
Alyeska Pipeline Service Co. is continuing its efforts to reduce the cost of transporting Alaska North Slope crude oil.
Earlier this year owners of the trans-Alaska pipeline system approved a $250 million reconfi....
Baker Hughes US rig count up by1 to 604 - 05/26/2024 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 604 the week ending May 17, up by one rig from 603 the previous week, and down by 116 from 720 a year ago, partially reversing a drop of two rigs last week. The rig count was down in six and up in two of the last eight weeks, with a loss of 23 aga....
CORRECTION: Clarification on Alkaid resources, reserves - 05/26/2024 (Login to read Full story)
The May 19 issue of Petroleum News carried a confusing and incorrect headline: "LKA confirms Ahpun's Alkaid resources, reserves at 79 mmbbl" due to the specific amount of space we're allowed in the design of our newspaper headlines and my eagerness to get the number 79 mmbbl in the headline.
The sto....
Spring areawide lease sales open May 20 - 05/26/2024 (Login to read Full story)
Bidding in the Alaska Department of Natural Resources' Division of Oil and Gas spring areawide lease sales -- the Cook Inlet and Alaska Peninsula areawide sales -- opened May 20 on EnergyNet. Bidding in the sales closes June 6, with bid....
Oil patch bits: Alaskan telecommunications leader NSTI unveils rebranding - 05/26/2024 (Login to read Full story)
NSTI said May 20 that it has been leading in telecommunications systems in some of the toughest and most remote areas since 1980 and is proud to announce its new brand. This next chapter reflects NSTI's commitment to innovation, growth, and customer-centric service. With a new visual identity.... |
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