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Interior Energy Project remains in limbo

​Self-imposed deadlines have come and gone and the future of the Interior Energy Project is in doubt. Project team members from the Alaska Industrial Development and Export Authority and its partner firm MWH Global Inc. were unable to present the AIDEA board of directors with a financial package to move the energy plan forward at its Dec. 16 meeting.
Miller Energy Resources closes on Badami deal

Miller Energy Resources closes on Badami deal

There’s a new operating company in the North Slope oil fields, but also one less. Tennessee-based independent Miller Energy Resources closed on its acquisition of Savant Alaska LLC and that company’s North Slope holdings Dec. 12, including a 67.5 percent interest in the small Badami oil field 35 miles east of Prudhoe Bay.

AIDEA expands study funds for Port Mac LNG

Construction, production wells at Mustang move forward

Public hearings end for Chukchi lease sale SEIS

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Archive » Mining

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Archive » Alaska Oil & Gas Reporter

Great Bear Petroleum gets back to drilling

The great bear is back, or at least back drilling. Great Bear Petroleum never really left Alaska, of course, but the company did seem to go into deep hibernation after its initial winter drilling season in 2012.

Q&A: More details on Slope leases, prospects

Tim Bradner: The 3-D seismic Great Bear has done across its leases provides a detailed picture of faults in the shale. But why is this important? Great Bear Petroleum CEO Ed Duncan: The fault patterns are important for the development of source rock plays for two reasons. First, the presence and nature of natural fractures provide additional petroleum ‘storage’ volume and pathways to facilitate liquid flow. We know from our whole core analyses that the Shublik Formation is naturally fractured, carbonate rich with some zones of higher silica content and has very little clay. All of that is extraordinarily good news given that the Shublik is also a world-class oil prone source rock.

Board allows municipalities to weigh in on gasline taxes

KENAI — After months of meetings, a municipal board formed to give Gov. Sean Parnell input on the proposed Alaska LNG Project has been inundated with information. It is working toward a recommendation on the controversial move from the current property tax model to a payment in lieu of taxes, or PILT, model.

Feds authorize state LNG exports to free trade countries

Hilcorp buys Point MacKenzie LNG plant serving Fairbanks

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Oil Prices and Production
Oil and Gas Prices for 1/12/2012 ($/barrel)

  ANS West Coast $111.65 ($1.77)
  West Texas Intermediate $99.10 ($1.77)
  Henry Hub (mmBTU) $2.67 ($0.14)
    (BBLs)  
  ANS Production 622,966 1/11/2012
source: Alaska Dept of Revenue
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