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AIDEA begins broadening Interior gas search

The transformation of the Interior Energy Project has begun. This time, a Cook Inlet gas source is a real possibility.

Judge hears arguments over ANWR exploration

The first skirmish — some say it may be the main battle — in the state’s effort explore the coastal plain of the Arctic National Wildlife Refuge played out in U.S. District Court Judge Sharon Gleason’s courtroom in Anchorage Jan. 20. The issue before Gleason is whether the U.S. Department of the Interior should accept an application for a limited winter exploration program in a part of the coastal plain set aside for study of its oil and gas potential.

Royalty reduction approved to advance Nuna development

Industry wary amid shakeups

There was an apprehensive mood among oil support contractors and service companies at the Alaska Support Industry Alliance’s annual “Meet Alaska” conference in Anchorage Jan. 9. Activity is still bustling on the North Slope despite the steady slide of crude oil prices — Alaska crude oil slid to $50 per barrel last week — but contractors worry that the layoff of rigs, crews and budget cuts being seen in the Lower 48 will spread to Alaska.
US demand slipping, Pacific market still strong for coal

US demand slipping, Pacific market still strong for coal

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Archive » Mining

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Archive » Alaska Oil & Gas Reporter

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.

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.

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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