The state drew an estimated $10.9 million in high bids from established and new entrants at three northern areawide lease sales -- the Beaufort Sea, North Slope and North Slope Foothills -- with ...

The Baker Hughes' U.S. rotary drilling rig count was 589 on Dec. 6, up by seven from the previous week, down by 37 from 626 a year ago and down by one from two weeks ago. Over the last eight weeks the ...

The Alaska Department of Natural Resources' Division of Oil and Gas has issued a conditional approval of BlueCrest's 2025 plan of development for its Cosmopolitan unit, with a timeline of one quarter ...

The board of the Alaska Industrial Development and Export Authority passed a resolution Dec. 4 authorizing negotiation and signing a $50 million letter of credit to backstop remaining front-end ...

John Hendrix, owner and top executive of HEX, Hex Cook Inlet and its Furie Operating affiliate, which is the operator of the Kitchen Lights unit, is pleased with the direction the state of Alaska ...

Petroleum News and much of its staff are taking two-weeks off and not publishing the last two issues of December -- the Dec. 22 and Dec. 29 editions -- which will give us a muchneeded break. Should ...

The Alaska Department of Natural Resources' Division of Mining, Land and Water said Dec. 9 that all tundra opening areas on the North Slope remain closed for off-road travel. The division said staff ...

The Brent crude oil spot price is expected to remain close to its current $74 per barrel in early 2025 but drop to $72 per barrel in the fourth quarter on inventory builds, averaging $74 per barrel ...

In August the Alaska Oil and Gas Conservation Commission issued a notice of proposed enforcement action against Mustang Holding for violating the approved drilling program for SMU M-03A, a development ...

Hilcorp Alaska has applied to the Alaska Oil and Gas Conservation Commission for approval to use non-custody transfer meters at the Duck Island unit for measurement of natural gas used to generate ...

The Bureau of Land Management has announced an oil and gas lease sale on Jan. 9 for the coastal plain of the Arctic National Wildlife Refuge. The agency is offering for potential leasing the minimum ...

A Dec. 9 press release from the Alaska House Majority said as Alaska faces a critical juncture in its energy future, the House Resources Committee, chaired by Rep. Tom McKay, R-Anchorage, convened a ...