Northern Gas Pipelines Updating Their Website
Apr27

Northern Gas Pipelines Updating Their Website

Our good friend Dave Harbour at Northern Gas Pipelines always does wonderful work, and is in the process of updating his site. For great coverage on Alaskan and Canadian Arctic energy commentary, news, history, projects and people click here.

Read More
ExxonMobil Starts Production at Point Thomson
Apr22

ExxonMobil Starts Production at Point Thomson

FOR IMMEDIATE RELEASE APRIL 22, 2016 ExxonMobil Starts Production at Point Thomson  Production to reach up to 10,000 barrels per day of natural gas condensate  Project demonstrates ExxonMobil commitment to developing North Slope natural gas  Alaskans and Alaska-owned companies played critical role in project development IRVING, Texas – ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas. The recycled gas is re-injected for future recovery. At full rate production, the facility is designed to produce up to 10,000 barrels per day of natural gas condensate and 200 million cubic feet of recycled gas. It is anticipated to reach that level when the west pad well is online in a few months. The Point Thomson reservoir holds an estimated 8 trillion cubic feet of natural gas and associated condensate – a high-quality hydrocarbon similar to kerosene or diesel. The resource represents 25 percent of the known gas on the North Slope. Potential future development will depend on a range of factors such as business considerations, investment climate, and the fiscal and regulatory environment. “The successful startup of Point Thomson demonstrates ExxonMobil’s project management expertise and highlights its ability to execute complex projects safely and responsibly in challenging, remote environments such as the North Slope in Alaska,” said Neil W. Duffin, president of ExxonMobil Development Company. ExxonMobil and the working-interest owners have invested approximately $4 billion in the development of Point Thomson production facilities through 2015. About 100 Alaskan companies have contributed to the success of the project, and thousands of people worked onsite and around the state during peak construction activity. “Our strong partnership with Alaskans and Alaska-owned companies played a critical role in helping to complete this major project,” Duffin said. “It further reinforces our commitment to pursuing the development of Alaska’s natural gas resources.” Point Thomson is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik....

Read More
ConocoPhillips Alaska to Add Wells to CD5 Drill Site
Apr21

ConocoPhillips Alaska to Add Wells to CD5 Drill Site

NEWS RELEASE April 21, 2016 ConocoPhillips Alaska to Add Wells to CD5 Drill Site ANCHORAGE, Alaska – ConocoPhillips Alaska Inc. announced today that funding has been approved for additional wells and associated on-pad infrastructure to increase production at the CD5 drill site. The additional wells and infrastructure will bring CD5 to its full design and permit capacity. The drill site, which began producing oil in October 2015, is part of the Alpine field and the first commercial oil development on Alaska Native lands within the boundaries of the National Petroleum Reserve-Alaska (NPR-A). To read the full press release on this exciting new click...

Read More
Sen. Murkowski: Alaska Will Greatly Benefit from Passage of Bipartisan Energy Bill
Apr20

Sen. Murkowski: Alaska Will Greatly Benefit from Passage of Bipartisan Energy Bill

April 20, 2016 Murkowski: Alaska Will Greatly Benefit from Passage of Bipartisan Energy Bill Washington, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, today led the Senate’s approval of broad, bipartisan energy legislation that contains a wide range of provisions vital to Alaska’s future. The bill, the Energy Policy Modernization Act of 2016, was authored by Murkowski and passed the Senate by a bipartisan vote of 85-12. It is the first major energy bill to pass the Senate in almost a decade. To read the full press release on the bill click...

Read More
SENATE OIL AND GAS TAX CREDIT WORKING GROUP
Jan15

SENATE OIL AND GAS TAX CREDIT WORKING GROUP

Background The subject of oil and gas tax credits (tax credits) was a topic of discussion throughout the 2015 regular session, extended session, and the first and second special sessions. With the State of Alaska (the state) facing a budget shortfall in excess of $3.5 billion, all operating expenses were and continue to be scrutinized……  

Read More