Kenai Newswire

Comprehensive Real-Time News Feed for Kenai, AK.

Results 1 - 20 of 31 for "u:petroleumnews.com" in Kenai, AK

  1. Cosmo drilling to stopRead the original story

    Friday Aug 4 | Petroleum News

    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 cashable tax credit payments owed to the company, Johnson said. The halt to the drilling will likely go into effect around Sept.

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  2. Here for the long haulRead the original story

    Jun 9, 2017 | Petroleum News

    With ambitious plans for new development drilling both on the North Slope and in the Cook Inlet basin, Hilcorp Energy sees Alaska as a 'great place of opportunity,' a place where the company anticipates operating for many years, David Wilkins, senior vice president of Hilcorp Alaska LLC, told the Alaska Oil and Gas Association's annual conference on May 31. In addition to previously announced major development plans for the North Slope, the company anticipates some new developments in the Cook Inlet basin, potentially squeezing more oil out of the Hemlock and Tyonek formations, as well as drilling deeper into the underdeveloped West Foreland formation, Wilkins said.

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  3. Furie mobilizing rig early JulyRead the original story

    Jun 9, 2017 | Petroleum News

    Furie Operating Alaska anticipates mobilizing the Randolf Yost jack-up rig in Cook inlet at the beginning of July, Bruce Webb, Furie senior vice president, has told Petroleum News. The rig overwintered at Nikiski on the Kenai Peninsula.

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  4. Kenai program plannedRead the original story

    May 26, 2017 | Petroleum News

    Hilcorp Alaska LLC is planning a modest development program at its federal Cook Inlet units this year, with the exception of a sizeable program planned for the Kenai unit. The local subsidiary of the Texas independent operates six units in the Cook Inlet region overseen by the U.S. Bureau of Land Management: the Beluga River unit, the Birch Hill unit, the Swanson River unit, the Beaver Creek unit, the Sterling unit and the Kenai unit.

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  5. CINGSA reports on gas storage performanceRead the original story

    May 26, 2017 | Petroleum News

    Cook Inlet Natural Gas Storage Alaska has filed a report with the Regulatory Commission of Alaska providing an overview of the performance between the end of March 2016 and early April 2017 of the company's gas storage facility on the Kenai Peninsula.

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  6. The Explorers 2017: Armstrong discoveries rock AlaskaRead the original story

    May 26, 2017 | Petroleum News

    Judging by completion reports alone, Armstrong Energy LLC drilled its first North Slope exploration well this past winter with the Horseshoe No. 1 well and No.

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  7. The Explorers 2017: Furie planning Jurassic well at KLURead the original story

    May 26, 2017 | Petroleum News

    With the right resources and market conditions, Furie Operating Alaska LLC could become the most prolific exploration company in Cook Inlet over the next few years. In a plan of operations submitted to the state in March 2016, the local independent announced a five-year plan to drill as many as 10 exploration wells at its offshore Kitchen Lights unit.

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  8. The Explorers 2017: Hilcorp exploring at existing unitsRead the original story

    May 26, 2017 | Petroleum News

    Although it has been one of the most active operators in Alaska over the past five years, Hilcorp Alaska LLC has only drilled five wells classified as 'exploratory' by the state. The local subsidiary of the Texas-based independent has been focused more or less entirely on reviving aging fields since it arrived in Alaska.

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  9. Conoco production upRead the original story

    May 5, 2017 | Petroleum News

    ConocoPhillips Co. reported $99 million in adjusted earnings from its Alaska operations in the first quarter, an improvement over 2016 earning but down from recent quarters.

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  10. Conoco confirms LNG plant bidsRead the original story

    Apr 21, 2017 | Petroleum News

    ConocoPhillips has confirmed that it has received bids for the purchase of the company's liquefied natural gas plant at Nikiski on the Kenai Peninsula. 'We are currently evaluating the bids to determine next steps,' company spokeswoman Amy Burnett told Petroleum News in an April 17 email.

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  11. AOGCC hears NordAq on proposed PandA finesRead the original story

    Apr 7, 2017 | Petroleum News

    The Alaska Oil and Gas Conservation Commission held hearings April 4 on proposed enforcement actions against NordAq Energy Inc. for failure to permanently abandon two onshore Cook Inlet exploration wells, Tiger Eye Central No. 1 on the west side and Shadura No.

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  12. RCA closes Kenai Beluga Pipeline tariff caseRead the original story

    Apr 7, 2017 | Petroleum News

    The Regulatory Commission of Alaska has closed a tariff case involving a rate increase for gas transportation in the Kenai Beluga Pipeline, owned and operated by an affiliate company of Hilcorp Alaska.

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  13. Hilcorp continues southern Kenai workRead the original story

    Mar 10, 2017 | Petroleum News

    Hilcorp Alaska LLC is continuing to propose sizeable development programs at its onshore units in the southern Kenai peninsula, particularly Deep Creek and Ninilchik. The company expects to drill six stratigraphic test wells in the vicinity of the Deep Creek unit over the coming 18 months.

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  14. Oil Patch Bits: MagTec sells portion of its assets to Delta LeasingRead the original story

    Feb 24, 2017 | Petroleum News

    MagTec Alaska LLC, a Kenai-based oil and gas support services and equipment rental company since 2008, announced that it has sold a portion of its North Slope equipment assets and its Prudhoe Bay shop facility to Delta Leasing. MagTec will focus its North Slope business unit to concentrate on North Slope drilling support, with expanded offerings including new rig mats, a large inventory of storage and service tanks, glycol heaters, steam boilers, envirovacs and complete tank farm packages to support any project.

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  15. Oil Patch Bits: Delta Leasing's acquisition will grow Slope businessRead the original story

    Feb 24, 2017 | Petroleum News

    Delta Leasing LLC, an Anchorage based oil and gas support services company, announced that it has purchased substantial North Slope assets of MagTec Alaska. MagTec is a Kenai-based equipment and vehicle leasing firm that has been a major supplier to North Slope operators.

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  16. RCA closes AEEC deregulation enquiryRead the original story

    Feb 24, 2017 | Petroleum News

    The Regulatory Commission of Alaska has closed an investigation into the legal propriety of an election planned by the Alaska Electric and Energy Cooperative, seeking deregulation of the Kenai Peninsula electricity utility's generation and transmission system.

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  17. Small jobs at North ForkRead the original story

    Feb 3, 2017 | Petroleum News

    As it approaches its first year since emerging from bankruptcy, the independent is planning what it is calling 'small ball' projects to increase production from existing wells at the onshore Cook Inlet unit in the southern Kenai Peninsula north of Homer. Those include additional compression and separation facilities, reprocessing seismic over the area and conducting workover operations to improve production at existing wells.

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  18. Kenai LNG exports still uncertain for '17Read the original story

    Jan 13, 2017 | Petroleum News

    ConocoPhillips Alaska Inc. has yet to determine whether it will export liquefied natural gas this year from its Kenai LNG terminal in Nikiski, which is being marketed for sale.

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  19. Fracking issues airedRead the original story

    Dec 23, 2016 | Petroleum News

    Kenai Peninsula Borough Mayor Mike Navarre has waded into the controversy over hydraulic fracturing of oil and gas wells, risking flak from some of his Kenai constituents who want more public notices and public hearings. 'I don't believe a public hearing is needed for every well,' the mayor said.

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  20. HEA members reject deregulationRead the original story

    Dec 23, 2016 | Petroleum News

    The members of Kenai Peninsula utility Homer Electric Association have voted decisively to reject a move by the utility to become deregulated from the Regulatory Commission of Alaska.

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