Archive » Alaska Oil & Gas Reporter

Companies drill ahead on Cook Inlet projects

Companies drill ahead on Cook Inlet projects

Two closely-watched Cook Inlet exploration wells being drilled with jack-up rigs are reported to have reached or are approaching their target depths.
Spanish major Repsol finds success on Slope

Spanish major Repsol finds success on Slope

Repsol’s winter exploration program on the North Slope was a stunning success: oil was found in all three test wells.

Doyon to drill second exploration well in Nenana Basin

Doyon Ltd. will be back drilling in the Nenana Basin west of Fairbanks in July.
Brooks Range moves toward 2014 startup for Mustang field

Brooks Range moves toward 2014 startup for Mustang field

Brooks Range Petroleum is pushing ahead with its plan to have the small Mustang discovery in production in the third quarter of 2014, and is already at work on possible new developments in the area, company Chief Operating Officer Bart Armfield says.
Final draft of ocean plan out, management details unclear

Final draft of ocean plan out, management details unclear

A new ocean management plan is in the works, but the exact implications for Alaska’s oceans are still unknown.

Archive » Oil & Gas

Kulluk hearing under way

A U.S. Coast Guard panel completed the first two days of hearings May 22 of the agency’s inquiry into the grounding of the Shell drillship Kulluk last Dec. 31.

Parnell offers $50M in state funds for ANWR seismic work

The State of Alaska could put up $50 million to share costs of seismic exploration and exploration planning for a new oil and gas resource assessment in the coastal plain of the Arctic National Wildlife Refuge, Gov Sean Parnell has proposed.

Japanese LNG group signs agreements with Alaskan cos.

Resources Energy Inc., the Japanese company interested in developing a large liquefied natural gas project, has signed several agreements to explore business relationships in Alaska.

Oil falls on concerns for China demand, Fed policy

The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy.

First day of Kulluk hearings details harrowing days of storm

A U.S. Coast Guard panel completed the first day of hearings planned for the agency’s inquiry into the grounding of the Shell drillship Kulluk last Dec. 31. Hearings that began May 20 are scheduled for two weeks.

Archive » Mining

Greens Creek silver production increases

The owner of the Greens Creek Mine in southeast Alaska says silver production is up for the first quarter of 2013.
Predictable reaction after latest EPA Pebble assessment

Predictable reaction after latest EPA Pebble assessment

Build-out of a large-scale mine near the headwaters of a world-class salmon fishery in Alaska could wipe out as many as 90 miles of streams and alter stream flows, the U.S. Environmental Protection Agency said in a revised assessment released April 26.
Pebble partners plan $80 million for studies, permitting

Pebble partners plan $80 million for studies, permitting

The Pebble Partnership, developers of the large gold/copper project in southwest Alaska, has approved an $80 million budget for 2013 engineering and environmental studies, with a goal of initiating federal and state permitting by the end of the year, the group said Monday in a press release

Pebble mine project 2013 budget is $80 million

The 2013 budget for the Pebble mine project is $80 million with the goal being to begin permitting this year.

Interior Dept. cuts mineral payments to 35 states

The U.S. Department of Interior is cutting federal mineral payments to 35 states by about $110 million this fiscal year as part of the automatic federal spending cuts that started this month.
Oil Prices and Production
Oil and Gas Prices for 1/12/2012 ($/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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