8-4-17 Good News?

As we end the week:

Good News From Petroleum News Alaska

BP to expand four Prudhoe Bay pads 08/06/2017 (Trouble viewing this article? Click here)
BP Exploration (Alaska) Inc. wants to expand four existing drilling pads at the Prudhoe Bay unit to improve drilling rig access to existing wells at the onshore North Slope unit. In four separate requests in mid-July, the company asked state oil and gas officials for permission to add 0.9 acres to….

Conoco earnings rise 08/06/2017 (Trouble viewing this article? Click here)
ConocoPhillips Co. reported adjusted earnings of $167 million from its Alaska operations in the second quarter, triple its earnings from a year ago on higher production and prices. The largest independent exploration and production company in the world is expecting even greater production increases….

…but not without a little bad news, just to keep us humble:

Cosmo drilling to stop 08/06/2017 (Trouble viewing this article? Click here)
BlueCrest Energy is curtailing its development drilling program in the Cosmopolitan oil field off the southern Kenai Peninsula, Benjamin Johnson, BlueCrest president and CEO, told Petroleum News Aug. 1. The drilling suspension results from the state withholding $75 million to $100 million in cashabl….

July ANS production down 11% from June 08/06/2017 (Trouble viewing this article? Click here)
July Alaska North Slope crude oil production averaged 436,290 barrels per day, down 11.1 percent from a June average of 490,758 bpd, a drop of 54,468 bpd.

For our national regulatory friends IN GOVERNMENT AND INDUSTRY, this is a good one!

Register Today for

IPU 13th Advanced Regulatory Studies Program: Ratemaking, Accounting, Finance, and Economics

October 2-6, 2017, Kellogg Conference Center, East Lansing, MI

The IPU Advanced Regulatory Studies Program is a series of intensive, interactive, and technical workshops designed to provide public-sector and private-sector professionals in the regulatory policy community with a unique opportunity to interact and exchange ideas on technical, methodological, and policy issues. The program offers flexible tracks focusing on rate-making, accounting, finance, and economics.

IPU also offers “Introduction to Public Utility Regulation” on the Sunday preceding the program.

Learn more about the program and register here!

Keystone XL survived politics but economics could kill it

CBC.ca

The proposed Keystone XL pipeline survived nine years of protests, lawsuits … a University of Wyoming professor of petroleum and gas economics.

DOT begins EIS on CAFE standards 08/06/2017

About the Author: wpnorthern

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission. He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School. Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations. Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska. Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power. He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress. Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.