AIDEA funding will be used for acquiring and developing the Beluga and Sterling Formations within the Kitchen Lights Unit, along with existing infrastructure including a 15-mile subsea pipeline, an on-shore production facility, and off-shore production platform.
Subject-matter experts in DNR’s Division of Oil & Gas, DEC, other departments on the Governor’s Oversight Committee on the BP-Hilcorp Transaction, and outside experts contracted to analyze Hilcorp’s financials, conducted a diligent, thorough analysis of the proposed transaction and secured necessary agreements to ensure it was in the state’s best interest.
The Matanuska-Susitna Borough has asked the Federal Energy Regulatory Commission to redo the final environmental impact statement and reconsider its decision for the proposed Alaska LNG project, correcting what the borough alleges are factual errors and deficiencies that prevented fair consideration of municipally owned Port MacKenzie property for the gas liquefaction plant and marine terminal.
The pipeline is still in fundamentally sound shape and has a few maintenance properties that would be remarkable if it was an old car: the pipeline requires a smaller maintenance staff to keep it running than it used to, and it’s gotten safer and less leaky as it has aged.
The Department of Natural Resources is embracing new technology to conduct online oil and gas lease auctions and sales, starting with this spring’s Cook Inlet and Alaska Peninsula Areawide sales.
The Federal Energy Regulatory Commission authorized the construction and operation of Alaska LNG.