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....

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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...

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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...

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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……  

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FOR IMMEDIATE RELEASE: Production Testing Services-New Arctic Equipment
Dec03

FOR IMMEDIATE RELEASE: Production Testing Services-New Arctic Equipment

FOR IMMEDIATE RELEASE   New Arctic Equipment   While many Alaskan companies are scaling back and tightening their belts, Production Testing Services is investing in Alaska by bringing online a new, environmentally safe, state-of-the-art Arctic equipment package feature cutting edge technology, and hosting a day for clients and interested parties to see and explore it before it heads to the North Slope.     We are thrilled to bring a series of equipment packages to Alaska’s Arctic that will expand our offering and add local jobs! On Friday, December 4th we will be hosting an opportunity for interested parties to come and view the equipment, walk through it, and ask questions of our team of experts from 10:00 a.m. to 6:00 p.m. at the Wings of Freedom Hangar on Merrill Field (2400 East 5th Ave).     Production Testing Services, Inc. (PTS) was founded in, Anchorage, Alaska in 1988. PTS serves the oil and gas producing regions domestically and internationally. PTS’s field offices are located in Anchorage Alaska, Houston Texas, Broussard, Louisiana and Reynosa – Tamaulipas Mexico. Our team brings decades of expertise earned in challenging climates globally, but none more so that our own Arctic environment.     We, PTS, are inviting members of the media and industry members to come and meet us, view the equipment, walk through it and ask questions about it while it’s in a warm building before it heads to the North Slope.     Production Testing Services 440 E 100th Ave. Anchorage, AK 99515 On Site Contact:  Greg Stalzer (Contact Greg for interviews) Office Phone: 907-344-2024 Cell Phone: 907-529-2269...

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