Technology, Investment Hasten Alaska Oil and Gas ‘Renaissance’
The annual conference of the Alaska Oil and Gas Association hailed rapid changes in the industry that promise to boost production for a decade.
Tag: Hilcorp
Pumping Up the Volume with New Slope Production
Nuna has recently started production, Pikka may start production oil ahead of schedule, and other efficiencies in Prudhoe Bay may lead to more oil. Learn more about the efforts of North Slope operators to increase the amount of oil flowing through TAPS.
Less Than $1M from State Cook Inlet Lease Sale
Hilcorp was the sole bidder on five onshore and near-shore tracts that brought an estimated $872,072 in cash bonus to the state treasury.
Ten Years of Fiscal Stability with SB21
In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?
Hilcorp Completes $1B Purchase of Eni’s North Slope Assets
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
Hilcorp Partners with Japanese Firms to Study Carbon Sequestration
Hilcorp Alaska signed an agreement with two Japanese corporations to study the feasibility of storing carbon dioxide emissions from Japan in underground reservoirs in Alaska.
$8M from Combined State Slope, Inlet Lease Sales
Area-wide lease sales for the North Slope and Cook Inlet brought an estimated $8 million to the State of Alaska, an increase over last year but not the major bump that new Inlet royalty terms were supposed to stimulate.
North Slope Gas to Heat Interior Alaska
There’s now a plan to transport stranded North Slope gas to another market, with the bonus of providing affordable heat to the Interior.
Hilcorp the Sole Bidder in State and Federal Cook Inlet Lease Sales
The only bidder in the December 30 Cook Inlet lease sales was Hilcorp, buying leases on six state tracts and one in federal waters.
Growing Interest in North Slope Lease Sale
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.