Heading back Armstrong to drill Sockeye-2 exploration well on eastern North Slope Kay Cashman. Petroleum News. Bill Armstrong's Lagniappe Alaska is returning to the eastern North Slope this winter to drill the Sockeye-2 exploration well on state of Alaska acreage approximately 8 miles southeast of Badami, within the Lagniappe-operated oil and gas lease block.

Unleashing Alaska - 01/26/2025 (Login to read Full story) On President Donald J. Trump's first day in office as 47th president of the U.S. he signed an executive order titled "Unleashing Alaska's extraordinary resource potential." It was the most comprehensive action that he took impacting Alaska. And it was reinforced by his Jan. 20 declaration of a natio....

Crude down, gas up EIA 2025-26 forecasts oil price dropping on supply, gas increasing on demand Kristen Nelson. Petroleum News. The U.S. Energy Information Administration's Short-Term Energy Outlook for January, released Jan. 14, is the first short-term forecast to include 2026, and that forecast sees the Brent crude oil spot price decreasing, from an average of $81 per barrel in 2024 to $74 ...

Fairway extends Armstrong discovers Brookian topset oil plays 65 miles to east. Kay Cashman. Petroleum News. In 2013, Armstrong Oil & Gas Inc., along with its partner Repsol, kicked off one of the hottest exploration plays in the world west of Alaska's central North Slope in the Pikka field.

The MPA acreage lies onshore in the west central section of the CRU. Under a delegation of authority from the commissioner of the Alaska Department of Natural Resources, division Director Derek Nottingham found that the formation of the 3,656.45-acre Minke participating area, or MPA, promotes conser ...

Alaska North Slope crude took a leap of $2.08 Jan. 15 to surpass $80 -- closing at $80.42 per barrel. West Texas Intermediate vaulted $2.54 to close at $80.04 and Brent leapt $2.11 to close at $82.03. Crude was boosted by the U.S. Consumer Price Index report released Jan. 14 which showed that price...

Alaska North Slope production averaged 486,248 barrels per day in November, up 15,238 bpd, 3.24%, from an October average of 471,010 bpd and up 3.18% from a November 2023 average of 471,245 bpd. The largest month-over-month increase was at Prudhoe Bay, with Kuparuk, Nikaitchuq and Milne Point also s...

Mustang Holding LLC, the current operator of the Southern Miluveach unit on the North Slope, is aiming to bring it back online by the end of the year, according to the 10th plan of development for the unit the company filed with the Alaska Department of Natural Resources' Division of …

The Barrow gas fields are a local resource for local use. The federal government discovered the field as part of a sporadic post-war exploration campaign in the National Petroleum Reserve-Alaska to improve domestic energy security Big, but not big enough to …

Pikka expanding Phase 2 pads, roads may be built as early as 2025-2026 winter season Kay Cashman. Petroleum News. Santos Limited's operating subsidiary in Alaska, Oil Search (Alaska), or OSA, is looking to expand the 77,744-acre Pikka unit by 19,664 acres of state land.