Southcentral utilities are breathing a little easier about natural gas supplies with Hilcorp Energy saying it can meet demand until 2017 by producing more gas from old wells it took over earlier this year from Marathon Oil.
On the opposite page you’ll find that Rep. Les Gara has his knickers in a twist over the spurt of positive news flowing from the North Slope in the aftermath of the latest legislative session that ended with passage of a comprehensive oil tax reform bill.
Within a week after his $1 billion-plus oil revenue rollback passed, the governor, oil companies and their allies began to crank up their PR machine.
Buccaneer Energy has negotiated an agreement with ConocoPhillips to explore for oil in unexplored deep reservoirs in the North Cook Inlet Unit from which ConocoPhillips now produces gas from shallow reservoirs.
It is time for Alaska to move on and ditch the state grant mentality.
Buccaneer Energy has been given the final approval by the state to begin drilling a Cook Inlet oil and gas prospect.
The state estimates it could cost up to $2.5 million to implement a repeal of Alaska's recently approved oil tax structure.
Alaskans can "legitimately expect" billions of dollars more in new investment in the next few years under the tax changes recently approved by the state Legislature, Gov. Sean Parnell said.
ConocoPhillips has completed an exploration well in the National Petroleum Reserve–Alaska and is demobilizing the drill rig, a company spokeswoman said April 26.
An effort to let voters decide whether to keep or repeal an oil tax cut can move forward, after Lt. Gov. Mead Treadwell approved a referendum application Thursday.
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