OIL & GAS

  • If all goes as planned, the upcoming North Slope drilling season could be the winter of Bill. Bill Armstrong, CEO and founder of his namesake company Armstrong Energy LLC, and his team will be working to shore up estimates on what many believe to be one of the largest oil discoveries ever on the Slope. Armstrong said in a Sept. 2 interview with the Journal that his company also has plans to be one of the only outfits to invest in exploration...
  • Alaska Department of Natural Resources Commissioner Andy Mack approved the 2016 Plan of Development for the Prudhoe Bay oilfield on Sept. 20, but only after amending the original approval signed four days earlier by Division of Oil & Gas Director Corri Feige. Sept. 20 was also when Feige announced her resignation from the division. In other departure news, ConocoPhillips Vice President of Commercial Assets Leo Ehrhard, previously the top LNG...
  • ExxonMobil is in the early planning stages to at least triple production from its Point Thomson natural gas facility. Corporate spokesman Aaron Stryk wrote in a response to questions from the Journal that the company is progressing planning for “potential gas expansion concept” that would ultimately supply natural gas to the $45 billion-plus Alaska LNG Project. Expanding the gas processing facilities and increasing production from the large...