6-29-20 Letter to the “Father Of The Ill-Begotten Fair Share Oil Tax Proposal”

(A letter from an unemployed oil industry employee to Robin Brena, the lawyer who created a voters initiative to increase oil industry taxes.  The letter was printed by the Alaska Support Industry Alliance.) Dear Mr. Brena: I just lost my job on the Slope, and don’t know when or if I’ll get back on. I used to feel lucky that I survived the support industry layoffs that happened from 2015-2018, when more than 6,000 Alaskans lost their jobs.  I don’t feel so lucky anymore.   Because of what’s happening with [...]

4-15-20 Alaska Joins Other States/Canadian Provinces In Shouldering Double Whammy: CCPVirus + Oil Price Collapse

Please find this MOST INFORMATIVE oil and gas presentation on current status of the industry by Canary, LLC CEO Dan K. Eberhart (@dankeberhart), delivered to members of the Alaska Support Industry Alliance on April 9. Double bonus: Here's Dan's current take on the Texas RRC consideration of ordering production cuts vs. free market forces...followed by this Yahoo report on the result of the hearing (i.e. a difficult decision for the 3 commissioners). -dh Must Read Alaska: Fradulent Oil Tax Initiative Signatures?! Has it ever been tougher for the state's [...]

4-9-20 A Revealing Look At The Status Of TODAY’S Oil & Gas Industry!

Below are the speaker's notes from an online presentation delivered today to members of the Alaska Support Industry Alliance.  Their thousands of employees of some 400 employers provide the muscle enabling the enormous oil, gas and mining production in America's largest -- and sole -- Arctic state. Alaska Support Industry Alliance Webinar Briefing For Members By Dan K. Eberhart, Canary LLC (Photo) (Twitter account contact: @dankeberhart) Whatever happened to “In like a lion, out like a lamb?” March has been a month many of us would rather forget. The twin [...]

3-27-20 Corona Virus Continues To Hog Center Stage For Energy and All Other North American Communities

Canada COVID-19: Don't Create New Subsidy Program, National Post Fort McMurray mayor says 'time to act decisively' on keeping COVID-19 away Alaska: Corona Virus In this Alaska state senator Cathy Giessel's newsletter this week, you'll find: Oil Prices Senate Finance Major Economic Relief Package Passes Senate Real ID Deadline Extended Federal SBA Economic Injury Disaster Loans Keeping American Workers Paid and Employed Act This week's Natural Resource Related highlights and updates From the Alaska Miners Association: Mineral tenure legislation passes the Legislature!!  SB155, Exploration & Mining Rights, [...]

3-24-20 Coronavirus and Saudi-Russia tiff effects continue to affect North American energy price/supply/demand

Canada Oil production cuts in Western Canada are imminent ,  Western Canada’s oil production will need to be cut by about 11% from April, or 440,000 b/d, due to the global oversupply created by the Covid-19 virus and ongoing oil price, said Rystad Energy. Suncor Energy cuts 2020 capital by $1.5 billion  Suncor has cut its 2020 capital program by $1.5 billion (Can.), or 26% compared to the original guidance midpoint, to $3.9-4.5 billion (Can.), in response to the decline in the crude oil price and uncertainty of the economic [...]

2-3-2020 RCA Takes Additional Pipeline Transfer Comments At Tomorrow’s Hearing

We Urge Our Readers To Comment On The  Applications Allowing Hilcorp (Harvest Alaska LLC) To Acquire BP's Alaska Oil Transportation Assets! Here is our 1-20-2020 report  Scroll down for instructions on how to have your voice heard! Notice of Public Input Hearing RCA Chairman Robert Pickett replaced your publisher on the Commission in 2008. Due to his widely respected and highly acclaimed regulatory work, he was reappointed in 2014 and is likely to be reappointed to a third term beginning on March 1, according to our sources. -dh [...]

1-10-2020 Thar’s Gold In Them Thar Hills! … Gold and Oil are Geese That Lay Golden Economic Eggs

NEWS BULLETIN January 10, 2020 --- Vol. 26, No.03 January 2020 Readers, this is a complimentary copy of today's bulletin that is normally sent only to our paid News Bulletin Service subscribers. The bulletins are emailed periodically with the latest breaking major news, often uncovered by Petroleum News staff OR breaking news that we have been given exclusive early access to. To subscribe to our News Bulletin Service please reply to this email and at a rate of $3.39 per week we will include you for 1 or 2 [...]

11-30-19 RDC Conference Touts O&G. Mining, Tourism, Ocean Policy, Forestry Opportunity

Alaskanomics's Blog The 40th Annual Alaska Resources ConferencePosted: 29 Nov 2019 03:37 PM PSTLast week, the Resource Development Council (RDC) hosted its 40th Annual Alaska Resources Conference in Anchorage. The event is the chance for leaders from the tourism, fishery, oil and gas, mining, and forestry industries to come together and share highlights and frustrations from the past year and look forward to the coming year.Overall the presenters and attendees were optimistic about the future of the resources industries in Alaska. There were concerns due to the tariffs being raised on fish, timber, [...]

11-22-19 CeraWeek In Houston. Why Go?

Q.  Why should our readers attend CeraWeek in Houston? Dan Yergin, NGP file photo, by Dave Harbour (NARUC). A.  Because our old friend from Arctic Gas days in the '70s, Daniel Yergin, invites us to the most important energy conference of the year! (Note: Daniel Yergin, Vice Chairman IHS Markit, CERAWeek Chairman and James Rosenfield, Senior Vice President, IHS Markit, CERAWeek Founder & Co-Chairman, co-host CERAWeek.) Waves of Change: Charting the Energy Future Energy Secretary Rick Perry. NGP file Photo by Dave Harbour Strategic confrontation and fractious geopolitics, disruptive [...]

11-16-19, NORTHERN ENERGY HISTORY: Exxon’s Important North Slope Position Includes Prudhoe Bay AND Point Tompson!

Producers 2019: Exxon pursuing two fronts Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas Kay Cashman Petroleum News Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production [...]

11-12-19 Farewell Epilogue and Alaska’s Dangerous Oil Tax Increase By Voters Initiative

“BOTAX” Dave Harbour Glen Biegel Lawyer’s oil & gas tax scheme threatens Alaska’s economy (.PDF of this commentary here: Footnote Version & Clean Version like this w/o footnotes.) By Dave Harbour and Glen Biegel First, let’s get some ‘housekeeping’ out of the way on the proposed oil tax initiative.  Then we’ll explain why all Alaskans should be concerned. Alaska Lieutenant Governor Kevin Meyer recently certified a voter’s initiative petition application entitled “An Act relating to the oil and gas production tax, tax payments, and tax credits.”  Attorney [...]

11-8-19 Governor Mike Dunleavy Returns From Natural Resource Trade Mission To Japan

Governor Dunleavy and First Lady’s Trade Mission to Japan.  ENERGY was in the spotlight! November 7, 2019 (Anchorage, AK) – Governor Michael J. Dunleavy and First Lady Rose Dunleavy today returned from their first trade mission to Japan dedicated to promoting Alaska’s abundant natural resources. On Tuesday, November 5, Governor Dunleavy spoke at the Alaska Seafood Marketing Institute Seafood Trade Luncheon to an audience that included representatives from the major seafood companies operating in Japan and Alaska.   “Alaska’s fisheries management is the gold standard of sustainability, a model for [...]

11-2-19 Is Alaska’s Economy Finally On the Move!?

Third Quarter Alaska Employment Numbers Commentary: The good employment news below is all about a dynamic Alaska oil industry on the cutting edge of new technology.  Longtime Alaskans know that oil not only supports industry jobs, but pays the lions share of government budgets that also fund education, public works, public safety and infrastructure for retail, tourism and commercial fishing industries and JOBS!  We're even pleased to spot signs of a new LNG project for commercializing Alaska North Slope gas.  But a lawyer is a major sponsor of a voters [...]

6-17-19 ConocoPhillips Acquires Caelus’ North Slope Nuna Discovery Acreage

ConocoPhillips Signs Agreement with Caelus Natural Resources to Acquire Nuna Discovery Acreage ConocoPhillips Alaska (COPA) today announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100 percent of the Nuna discovery, located just east of the Colville River and approximately five miles southwest of the Oooguruk Field. The Nuna prospect was announced as a discovery in 2012. The purchase includes 11 tracts covering 21,000 acres. Over the next several years, COPA will appraise Nuna with a goal toward making a final investment [...]

3-6-19 Closest Ever To Achieving ANWR

(View Hearing Live at 1:20 p.m. ADT here. Scroll down for details.) TODAY'S THE DAY: Alaska is the closest it's ever been to achieving access to oil and gas on ANWR's Coastal Plain TODAY we ALERT our readers who happen to be in Anchorage to attend an Alaska legislative hearing to support BLM's leasing program. We hope many of our readers will join us TODAY at the Anchorage Legislative Information Office (LIO) at 1:20 p.m. for a public hearing on Senate Joint Resolution 7 (SJR 7), which advocates for [...]

By |2019-03-06T11:34:29-09:00March 6th, 2019|ANWR, Arctic Policy, Commentary, Federal Progress|2 Comments