ConocoPhillips Alaska Inc. today announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA).
Here’s a link to the full release
Quick reference from the release:
The Willow discovery wells, Tiŋmiaq 2 and 6, were drilled in early 2016 and encountered 72 feet and 42 feet of net pay, respectively, in the Brookian Nanushuk formation. ConocoPhillips has a 78 percent working interest in the discovery and Anadarko Petroleum Corporation holds a 22 percent interest.
…
“This discovery is tremendously exciting not only for ConocoPhillips, but also for the state of Alaska,” said Joe Marushack, president of ConocoPhillips Alaska. “Willow’s proximity to existing infrastructure improves the economic viability of the discovery. Development of Willow, a potential multi-billion-dollar investment, could provide thousands of jobs during construction and could generate substantial revenue for the federal government, state, North Slope Borough, and communities in the NPRA.”
In a follow-up to the Willow discovery, ConocoPhillips and its bidding partner, Anadarko, were successful in December’s federal lease sale on the western North Slope, winning 65 tracts for a total of….
KUAC, by Dan Bross. The Interior Gas Utility and Alaska Industrial Development and Export Authority have approved a memorandum of understanding to forward the Interior Energy Project. The state funded IEP is aimed at increasing the availability of gas in the city, as a less expensive and cleaner burning alternative to other fossil fuels and wood. The project has a lot of moving parts and is behind schedule, but the MOU is a key step.
Refer to the January 2017 IEP Quarterly Report here.
(Publisher’s comment. “Less expensive” has a lot of “ifs” attached. For example, less expensive if the State’s AIDEA takes the risk of non completion, inadequate gas supply, force majeure; if AIDEA subsidizes the interest rate of its loaned, public money; if sometime in the future the Legislature succumbs to pressure to convert the “loan” into a “gift”; if the state can find a gas producer willing to offer a low enough price for its gas, at variable volumes on demand in every season; if costs of converting gas to LNG and transporting it to Fairbanks remain as “projected” — via truck and/or rail; if enough Fairbanks citizens decide to convert their heating systems from fuel oil to gas, creating economy of scale. As Alaska wades deeper and deeper into its fiscal crisis, lawmakers may wish they had taken another course. The State is able to take AIDEA funds for other purposes. With an enormous budget deficit, Alaska will soon have spent all of its available savings and may wish it had access to the funds AIDEA has agreed to “lend” Fairbanks at subsidized interest rates. In short, many perplexing questions and challenges arise when government seeks to do what the private sector is better qualified to do. And if the private sector chooses not to engage in a given, risky project, perhaps that is a sign that the government should think twice before going where others fear to tread {i.e. 1. MWH, 2. Salix}. -dh)
Opposition and delay still vex Canadian pipelines
NEB confirms review panel for Energy East pipeline proposal, CBC.ca
Northern Ontario First Nations take TransCanada to court overpipeline work, CBC.ca
Interior Energy Project: Going for integration – January 15, 2017 – Petroleum News
Opposition and delay still vex Canadian pipelines
NEB confirms review panel for Energy East pipeline proposal, CBC.ca
Northern Ontario First Nations take TransCanada to court overpipeline work, CBC.ca
Opposition and delay still vex Canadian pipelines
NEB confirms review panel for Energy East pipeline proposal, CBC.ca
Northern Ontario First Nations take TransCanada to court overpipeline work, CBC.ca
KUAC, by Dan Bross. The Interior Gas Utility and Alaska Industrial Development and Export Authority have approved a memorandum of understanding to forward the Interior Energy Project. The state funded IEP is aimed at increasing the availability of gas in the city, as a less expensive and cleaner burning alternative to other fossil fuels and wood. The project has a lot of moving parts and is behind schedule, but the MOU is a key step.
(Publisher’s note. “Less expensive” has a lot of “ifs” attached. For example, less expensive if the State’s AIDEA takes the risk of non completion, inadequate gas supply, force majeure; if AIDEA subsidizes the interest rate of its loaned, public money; if sometime in the future the Legislature succumbs to pressure to convert the “loan” into a “gift”; if the state can find a gas producer willing to offer a low enough price for its gas, at variable volumes on demand in every season; if costs of converting gas to LNG and transporting it to Fairbanks remain as “projected” — via truck and/or rail; if enough Fairbanks citizens decide to convert their heating systems from fuel oil to gas, creating economy of scale. As Alaska wades deeper and deeper into its fiscal crisis, lawmakers may wish they had taken another course. The State is able to take AIDEA funds for other purposes. With an enormous budget deficit, Alaska will soon have spent all of its available savings and may wish it had access to the funds AIDEA has agreed to “lend” Fairbanks at subsidized interest rates. In short, many perplexing questions and challenges arise when government seeks to do what the private sector is better qualified to do. And if the private sector chooses not to engage in a given, risky project, perhaps that is a sign that the government should think twice before going where others fear to tread {i.e. 1. MWH, 2. Salix}. -dh)
Opposition and delay still vex Canadian pipelines
NEB confirms review panel for Energy East pipeline proposal, CBC.ca
Northern Ontario First Nations take TransCanada to court overpipeline work, CBC.ca
ConocoPhillips Alaska Inc. today announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA).
Here’s a link to the full release
KUAC, by Dan Bross. The Interior Gas Utility and Alaska Industrial Development and Export Authority have approved a memorandum of understanding to forward the Interior Energy Project. The state funded IEP is aimed at increasing the availability of gas in the city, as a less expensive and cleaner burning alternative to other fossil fuels and wood. The project has a lot of moving parts and is behind schedule, but the MOU is a key step.
(Publisher’s note. “Less expensive” has a lot of “ifs” attached. For example, less expensive if the State’s AIDEA takes the risk of non completion, inadequate gas supply, force majeure; if AIDEA subsidizes the interest rate of its loaned, public money; if sometime in the future the Legislature succumbs to pressure to convert the “loan” into a “gift”; if the state can find a gas producer willing to offer a low enough price for its gas, at variable volumes on demand in every season; if costs of converting gas to LNG and transporting it to Fairbanks remain as “projected” — via truck and/or rail; if enough Fairbanks citizens decide to convert their heating systems from fuel oil to gas, creating economy of scale. As Alaska wades deeper and deeper into its fiscal crisis, lawmakers may wish they had taken another course. The State is able to take AIDEA funds for other purposes. With an enormous budget deficit, Alaska will soon have spent all of its available savings and may wish it had access to the funds AIDEA has agreed to “lend” Fairbanks at subsidized interest rates. In short, many perplexing questions and challenges arise when government seeks to do what the private sector is better qualified to do. And if the private sector chooses not to engage in a given, risky project, perhaps that is a sign that the government should think twice before going where others fear to tread {i.e. 1. MWH, 2. Salix}. -dh)
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