Post Tagged with: "alaska"

President Withdraws More of Alaska from Future Oil and Gas Production

President Withdraws More of Alaska from Future Oil and Gas Production

White House  removes 43,000 sq. miles and 3 Tcf of natural gas potential from offshore Alaska

On Nov. 9, the president signed an executive order creating the Northern Bering Sea Climate Resilience Area.

“This area, encompassing 112,300 square miles, represents …

ConocoPhillips May Sell Kenai LNG plant

From  Alaska Dispatch News

ConocoPhillips said Thursday it’s in the “initial stages” of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets.

The company, …

November 18, 2016 - 9:22 am Closing Bell Story‎, Energy News, LNG
U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

Part 1: What is NTL No. 2016-N01?

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to extract oil and natural gas …

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

U.S. Offshore Drilling Changes Drastically after Sept. 12, 2016 – Part 1

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to …

Drill Rig in Alaska - Oil & Gas 360

What Does Your Dream Field Look Like? Armstrong Oil & Gas Believes You Might Find it in Alaska

Demand could outpace supply by 225 billion barrels by the end of this decade

“You all have been steeping in unconventionals. It truly has been a revolution, but I want to provide something different for you today,” Bill Armstrong, president …

Alaska: Power to the Conventional Thinker

Alaska: Power to the Conventional Thinker

“We’re not a shale player.  If you look at the amount of global crude oil production from conventional resources, it dwarfs production from shale.  We believe our 750,000-plus acreage position (located on Alaska’s North Slope between the Kuparuk River and …

Alaska Legislators Vote to Cut State’s Oil and Gas Tax Credits

Alaska Legislators Vote to Cut State’s Oil and Gas Tax Credits

Both the House and Senate passed versions of a new bill to overhaul the state’s oil and gas tax credits

After intense bargaining and twelve versions of the bill, Alaska legislators in separate votes Monday approved changes to the state’s …

Alaska Legislative Panel Releases Oil, Gas Tax Credit Rewrite

From the AP/News-Miner

JUNEAU, Alaska (AP) – An Alaska legislative committee on Tuesday unveiled a draft oil and gas tax credit bill aimed at breaking an impasse that helped send lawmakers into overtime, proposing to phase out most existing credits

May 12, 2016 - 1:19 pm Closing Bell Story‎, Energy News, Regulatory
Drill Rig in Alaska - Oil & Gas 360

Energy Upside: Production Begins at the National Petroleum Reserve in Alaska

ConocoPhillips expects peak production of 16 MBOPD from National Petroleum Reserves

Oil began to flow for the first time from Alaska’s National Petroleum Reserves this week since President Warren G. Harding dedicated the resources as an emergency supply of oil …

The Six States Being Hammered Hardest by Lower Oil Prices

The Six States Being Hammered Hardest by Lower Oil Prices

Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure”

Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the …

Alaska Looks to Plug the Fiscal Dam as Oil Prices Remain Low

Alaska Looks to Plug the Fiscal Dam as Oil Prices Remain Low

“This is a major paradigm shift in how the State of Alaska conducts business” – Governor Walker

Lower commodity prices have taken a major toll on states like Alaska that depend in large part on the revenue from selling oil …

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska hopes to make $400 million more per year after buying TransCanada’s share of the project

Last week Alaska Governor Bill Walker said that the decision to purchase TransCanada’s share of the project was the “number-one get-well card” for Alaska’s …

Drill Rig in Alaska - Oil & Gas 360

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations

Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans …

Trans-Alaska oil pipeline

Alaska Looks to Buy Out TransCanada’s Share of Alaska LNG for $68 Million

All parties seem to agree, but holdup remains

The state of Alaska plans to buy out TransCanada’s (ticker: TRP) share of the Alaska LNG project. Both Alaska Governor Bill Walker and TransCanada have agreed to the deal, according to Alaska

November 2, 2015 - 6:36 pm LNG, Oil and Gas 360 Articles
Drill Rig in Alaska - Oil & Gas 360

Armstrong Oil & Gas Defies Industry Bears, Boosts Stake in Alaska with $800 Million Transaction

Repsol Sells Portion of Interest, Dials Back Development Plans

Armstrong Oil & Gas, a private exploration and production company headquartered in Denver, Colorado, is backing up its optimism for hydrocarbon production in Alaska.

eia-alaska2On October 13, 2015, the company increased …

Source: Rosneft

Shell Pulls Arctic Plug, Looks at $4.1 Billion in Impairments

Decision to leave the Alaskan Arctic a combination of factors

Royal Dutch Shell (ticker: RDSA) announced today that it plans to put an end to its operation offshore Alaska, according to a company press release. The news came following …

Alaska Oil Royalty Revenues set to Payout $1.33 Billion to Residents

Alaska Oil Royalty Revenues set to Payout $1.33 Billion to Residents

$2,072 to each citizen is largest payment ever

Eligible Alaskan residents will receive $2,072 each as part of the state’s Permanent Fund Dividend program, according to a release from Alaska Governor Bill Walker. The Department of Revenue for the …

September 21, 2015 - 6:39 pm Oil and Gas 360 Articles
Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Via Philadelphia Business Journal

Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska

Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and …

August 24, 2015 - 1:41 pm Energy News
Drill Rig in Alaska - Oil & Gas 360

Can Shell Encourage Investment in Alaska’s Hydrocarbon Sector?

Protestors in petroleum-based kayaks may be dominating headlines in Seattle, but Royal Dutch Shell’s (ticker: RDS.B) state of the art rig may help revitalize a prominent part of the U.S. energy sector that has been in decline for more than …

Murkowski Puts Forward New Offshore Legislation

Murkowski Puts Forward New Offshore Legislation

Pushing for larger share of offshore oil and gas revenues

Alaska’s Senator Lisa Murkowski put forward new legislation last week that hopes to bring more revenue from oil and natural gas production on Alaska’s outer continental shelf (OCS) back to …

Source: Rosneft

Shell Prepares to Go Back to the Arctic

Shell exec has eyes set to the North

Royal Dutch Shell (ticker: RDSA) is preparing to return to the Arctic and begin exploring for the first time since 2012, according to Chief Financial

Officer Simon Henry. Henry said the oil …

Drill Rig in Alaska - Oil & Gas 360

At $51 Billion, Alaska’s Hydrocarbons Fuel the Country’s Largest Trust Fund: EIA

State’s Permanent Fund Pays Annual Cash Dividend to All Residents

The 49th state has its perks. All Alaskans get an annual dividend check from the state. In 2014 their checks were $16 shy of $1,900 per resident.

Residents can thank …

With 50 Billion Barrels Awaiting the Drill Bit, Alaska’s New Governor wants to Slash the Time Between Lease Acquisition and Drill Rotation

With 50 Billion Barrels Awaiting the Drill Bit, Alaska’s New Governor wants to Slash the Time Between Lease Acquisition and Drill Rotation

An OAG360® Exclusive: Interview with Alaska Governor Bill Walker

Listen to the interview

Alaska’s North Slope has produced more than 17 billion barrels of oil since the discovery of the Prudhoe Bay oil field in 1968, when Arco’s Prudhoe …

Drill Rig in Alaska - Oil & Gas 360

Miller Energy Reports Third Quarter Results

Miller Energy Resources, Inc. Logo

March 12, 2015 07:00 ET

Miller Energy Resources Reports Third Quarter Results

HOUSTON, TX–(Marketwired – March 12, 2015) –  Miller Energy Resources, Inc. (“Miller Energy” or “the Company”) (NYSE: MILL) reported today for the third quarter of fiscal

Obama Administration Announcement on ANWR Enrages Critics

Obama Administration Announcement on ANWR Enrages Critics

The Obama Administration’s announcement of plans to expand protection in ANWR is a ‘declaration of war’ says Alaskan Congresswoman

The White House released a revised Comprehensive Conservation Plan Sunday, which will designate 12.28 million acres in Alaska’s Arctic National …

January 27, 2015 - 4:55 pm Oil and Gas 360 Articles, Politics & Opinions
Despite Road Bumps for Other Projects, Alaska LNG Moves Forward

Despite Road Bumps for Other Projects, Alaska LNG Moves Forward

Alaska’s LNG “gigaproject” moving forward despite low prices

While many liquid natural gas (LNG) projects are being put on the back burner due to the low oil price environment, the Alaska LNG project continues to march on.

The project, which …

Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska’s revenue forecast, released Wednesday, predicts a deficit of $3.5 billion, an increase of $2.1 billion from what lawmakers expected in April.

The forecast expects unrestricted general fund revenue of $2.6 billion this year, down from $5.4 billion in 2014, …

December 12, 2014 - 3:48 pm Commodity Pricing, Oil and Gas 360 Articles
Alaska, Russia Race toward LNG Exports

Alaska, Russia Race toward LNG Exports

Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 …

September 10, 2014 - 4:16 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services
Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development

On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in …

August 14, 2014 - 6:08 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …