ConocoPhillips Alaska, Inc. reported net earnings of $543 million in the first-quarter of 2013, down from $570 million in the fourth-quarter of 2012, the company said in a press release Thursday. First-quarter 2013 production was approximately 4,000 of oil equivalent per day lower than the prior quarter due primarily to normal field decline, the company said.
If semi trucks hauling liquefied natural gas from the North Slope are going to save the Interior from $4 a gallon diesel for space heat, why not save the trucks from it, too?
Repsol announced three oil discoveries on the North Slope April 23, two of them encouraging enough for future development, the company said.
State officials and Alaska’s U.S. Sen. Lisa Murkowski aren’t happy about a plan by the U.S. Interior Department to divert the state’s 50 percent share of National Petroleum Reserve-Alaska revenues to pay for the cleanup of old wells drilled by the federal government.
Hilcorp Energy has told local utilities that it can meet their natural gas needs through 2017, company spokeswoman Lori Nelson said April 24.
North Slope oil operators are ramping up activities following the Legislature’s approval of changes to state oil production tax on April 14.
Oil had its biggest daily gain since December, as oil supplies rose less than expected in the U.S. and speculation grew that the European Central Bank will cut interest rates.
Repsol announced three oil discoveries on the North Slope April 23, two of them encouraging enough for future development, the company said in a press release.
The Legislature approved a long-argued reduction of the state oil and gas production tax Sunday, the final day of its 2013 session.
Lawmakers in Juneau approved bills aimed at improving the efficiency of permitting oil and gas development and pursuing state control of federal wetlands permits.