Great Bear Petroleum has filed a unit plan of operations to build the Megrez gravel pad and drill the Megrez 1 exploration well 700 feet west of the Dalton Highway in the Talitha unit, 25 miles south ...

Prudhoe Bay unit operator Hilcorp North Slope said in its 2024 Greater Point McIntyre plan of development that it "anticipated drilling approximately two rotary wells" at the Raven participating area ...

The Alaska Energy Authority has sufficient funding to start work on developing a new electricity transmission intertie between the Kenai Peninsula and the power transmission system at Beluga on the ...

On July 1, the 18th plan of development for the Oooguruk unit on Alaska's North Slope was submitted to Alaska's Division of Oil and Gas by Eni US Operating Co Inc., as operator, on behalf of its ...

The proposed 17th plan of development, or POD, for the Nikaitchuq unit was submitted to Alaska's Division of Oil and Gas on July 2 by Eni US Operating Co. Inc. as operator, on behalf of its affiliate ...

The U.S. Energy Information Administration is forecasting an average Brent crude oil spot price of $86 per barrel this year, up from an average of $82 per barrel in 2023, with an expected average of ...

ConocoPhillips, Bill Armstrong firms join in suits against BLM's Final Rule . Kay Cashman. Petroleum News. On June 28, the U.S. Supreme Court issued its Loper ...

After a perfect storm of bullish factors drove Alaska North Crude to a high of $88.49 July 5, a hurricane risk premium dissipated when Hurricane Beryl failed to materially disrupt oil production in ...

Cook Inlet natural gas production averaged 203,995 thousand cubic feet per day in May, up 1,733 mcf per day, 0.9%, from an April average of 202,262 mcf per day and up 1.6% from a May 2023 average of ...

Editor's note: This story first appeared in the July 4, 2004, issue of Petroleum News. The number of serious inquiries from oil and gas companies coming into the Alaska Division of Oil and Gas has ...

Three companies are in the process of pursuing projects that may make use of powerful tidal currents in the Cook Inlet and Turnagain Arm to generate tidal electrical power. Ocean Renewable Power Co.

Hilcorp Alaska is the current PTU operator and holds a 37% working interest ownership, ExxonMobil holds a 62% working interest ownership and the remainder is held by various working interest owners.