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Anchorage, United States · AnchorageAccumulate Energy Alaska Inc. received approval for the Toolik River unit, Hickory 1, frac and flow testing unit plan of operations amendment. All American Oilfield Rig 111 will be used to test the well "at up to four separate intervals" The project is expected to begin Jan. 15 and be completed by tundra closing or mid-April.See the Story
88's Accumulate Energy gets okay for Hickory 1 frac, flow testing - December 10, 2023
Anchorage, United States · AnchorageOn Dec. 1 federal District Court Judge Sharon Gleason rejected a request for a temporary injunction that would have banned ConocoPhillips from conducting field work for its Willow oilfield development in the National Petroleum Reserve-Alaska, pending the resolution of an appeal against the developme...See the Story
Injunction denied - December 10, 2023
Anchorage, United States · AnchorageThe Alaska Department of Natural Resources' Division of Oil and Gas has approved amendments to plans of operation. The work at Hilcorp Alaska's Milne Point is the addition of three gravel road pullouts. The turnarounds will provide space for drilling rigs and road equipment to maneuver with improved efficiency.See the Story
Division approves Slope facilities work - December 10, 2023
Anchorage, United States · AnchorageBlueCrest Alaska's 2024 proposed plan of development was approved by Alaska's Division of Oil and Gas for the period of Jan. 1 through Dec. 31, 2024. BlueCrest, the company with the largest proved undeveloped oil and gas reserves in Alaska's Cook Inlet basin, committed to drill one oil well in 2025, specifically the H-10 Trident Fishbone well.See the Story
Cosmo 10th POD approved - December 10, 2023
Anchorage, United States · AnchorageThe last two issues of December will be replaced by emailed news bulletins. The value of the news bulletin service is $225 per year. There will be no extra charge to Petroleum News readers over the two-week period. News bulletins cover the hottest news that is not immediately covered by other publications.See the Story
Petroleum News readers: Last 2 Dec. issues replaced by bulletins - December 10, 2023
Anchorage, United States · AnchoragePredictably, oil prices fell in early December as the U.S. dollar closed in on a two-week high, making crude pricier for holders of other currencies.
A plethora of other bearish factors ramped up the pressure on crude prices and losses accelerated on Dec. 6, slashing the price of Alaska North Crude...See the Story
Dollar up, ANS down - December 10, 2023
Anchorage, United States · AnchorageDivision of Oil and Gas requires work by 2025, either plans for workover at NCU 3, or completion of a workover or redrill of NCU 10. Amaroq's POD, submitted on Sept. 29 by G. Scott Pfoff, the company's president, said development and remedial well work and 3D seismic were planned.See the Story
Nicolai Creek POD OK'd with conditions - December 10, 2023
Anchorage, United States · AnchorageThe organization will recover its costs from the five independent utilities. The expectation is that the more coordinated management of the system will ultimately result in cost savings that will more than compensate for the RRC's operational costs. Some components of the tariff, including the reliability standards and the penalties that the organization will be able to impose, are still under development.See the Story
