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Drift River revival (Full story) Hilcorp Alaska LLC is planning to resume using the tank farm at the Drift River oil terminal on the west side of Cook Inlet. In fact, the company already has obtained interim permission to fill one of the enormous tanks at Drift River. Hilcorp has told state officials it's important to bring Drift R....

Leaseholders fill in (Full story) The State of Alaska took in $6,865,835 in apparent high bids on almost 200,000 acres at its areawide Cook Inlet oil and gas lease sale May 16 in Anchorage, the second-highest dollar volume for a Cook Inlet sale since areawide sales began in 1999. The state's 2011 Cook Inlet areawide sale brought in....

Canada feeling LNG heat (Full story) Canada urgently needs to hasten the development of its stranded natural gas for export as LNG, or miss the boat to Asia, said Ernst & Young and federal Natural Resources Minister Joe Oliver. A report by the consulting firm said joint ventures and partnerships — such as those being sought by EnCana —....

Consultant: nimble footwork on gas exports, energy rethink needed (Full story) Although the fundamentals of energy supply and demand still underpin the long-term future of the oil and gas industry, the pace of change in the energy scene has been accelerating, Edward Chow, senior fellow of energy and national security at the Center for Strategic and International Studies, a Was....

Icy Cook Inlet sees ‘near miss' as tug tending tanker loses power (Full story) Cook Inlet's notorious drifting ice factored into a “near miss” involving an oil tanker over the winter. The incident, which just recently came to light, occurred on Jan. 13, a Friday, at the Kenai Pipe Line Co. terminal at Tesoro's Nikiski refinery. A Tesoro investigation report describes what happ....

Groups appeal IHA for Apache seismic Three environmental groups and a Native tribal organization have filed a lawsuit in the federal District Court in Alaska, appealing the issue by the National Marine Fisheries Service, or NMFS, of an authorization to Apache Alaska Corp. for the accidental disturbance of marine mammals during offshore....

Enbridge boss stays cool Pat Daniel faced one of the sternest tests of his 11 years as chief executive officer of Enbridge on May 9. As he winds down towards retirement later this year, the soft-spoken, 64-year-old took the stage at the annual general meeting of shareholders. In other circumstances, it would have been a bre....

BLM calls for NPR-A sale nominations The Bureau of Land Management is calling for nominations and comments on tracts for 2012 oil and gas leasing in the National Petroleum Reserve-Alaska. In a Federal Register notice published May 15, BLM said available tracts are in the Northeast and Northwest NPR-A planning areas. A map and detailed....

New round of oil sands action A mix of veterans and a newcomer have raised the curtain on Alberta oil sands projects that are designed to produce a combined 370,000 barrels per day of bitumen. Despite occasional setbacks with its Horizon oil sands mine, Canadian Natural Resources, CNR, is ready to embark on developing two in-sit....

Energy economics association to meet The Anchorage Association for Energy Economics' May meeting will be held at noon, Tuesday, May 22 at the Loussac Library. The speaker, Marcus Hartley of Northern Economics, will be discussing “Modeling Impacts to Fisheries in 5-year Plans for Outer Continental Shelf Leasing.” Also note a change in t....

BLM seeks nominations for Alaska council The Bureau of Land Management has extended the deadline for nominations for five open positions on its Alaska Resource Advisory Council to June 4. Resource Advisory Councils make recommendations to BLM regarding public land and resource management, including land-use planning, recreation, and fire....

State terminates Arctic Fortitude unit Following an Alaska Superior Court ruling in its favor last fall, the Alaska Department of Natural Resources is terminating the Arctic Fortitude unit on the North Slope of Alaska. The decision comes six years after the state approved the 6,363-acre unit adjacent to the southern edge of the Prudhoe B....

Statoil probes Canadian frontiers Norway's Statoil is wasting no time moving ahead with recently negotiated partnerships to explore Canada's offshore frontiers in the Beaufort Sea and Newfoundland. It will participate with 60 percent operator Chevron Canada in gathering 3-D seismic in the Beaufort this summer and, as operator, has....

BLM Director Bob Abbey retiring Bob Abbey, director of the Department of the Interior's Bureau of Land Management, will retire at the end of May. Abbey, appointed BLM director by President Obama in 2009, has a 34-year career of state and federal service. Secretary of the Interior Ken Salazar said that under Abbey's leadership th....

Obama anti-speculation plan questioned The Paris-based International Energy Agency is questioning a key aspect of President Obama's recently announced plan to curb oil market manipulation. Some political leaders have blamed speculators for high retail gasoline prices. The Obama administration on April 17 called on Congress to give the Co....

A piece of the methane hydrate puzzle Known to exist in vast quantities in many parts of the world but with as yet no means of commercial production, methane hydrate could eventually become a prolific source of natural gas. This winter's test of the production of methane, the main component of natural gas, from the Iġnik Sikumi No.....

Distributing North Slope gas challenging Propane or wet gas for road-system towns? Away from the city, North Slope gas for Alaskans becomes an iffy prospect. However, no one has fully analyzed the subject. The state's Alaska Gasline Inducement Act deal with TransCanada requires the company to provide at least five places along its pipeline....

Alyeska plans multiple summer shutdowns Alyeska Pipeline Service Co. has three shutdowns scheduled in May and June, and two more tentatively scheduled for late July and early August. Alyeska said the shutdowns will last from eight to 18 hours and include maintenance shutdowns in the next month and two shutdowns later in the summer to ins....

Groups appeal Kulluk air quality permit (Full story) Environmental and Alaska Native groups on May 16 appealed an air permit granted by the Environmental Protection Agency to a Shell Oil drilling ship that could be used this summer in the Arctic Ocean off Alaska's northern shore. The groups claim the Kulluk and support vessels will put harmful pollut....

Oil Patch Bits: CH2M HILL welcomes Lasswell as president and GM CH2M HILL said May 14 that Mark Lasswell was previously named president and general manager of its Alaska office, transferring to Anchorage from Denver, Colo., in January 2011. Lasswell joined CH2M HILL in 1989 and holds a Bachelor of Science degree and Masters of Science degree in Engineering from....

Oil Patch Bits: Daily new operations manager for Global Diving & Salvage Global Diving & Salvage Inc. said May11 that it is pleased to announce the promotion of Ben Daily to Dive Operations Manager-Alaska Region. Daily, with over 10 years in the commercial diving industry, has been with Global since 2004. During his tenure, he has been involved in all facets of the comme....

Oil Patch Bits: Jet A1 dash completes first flight across Australia Linc Energy Ltd. announced May 14 the successful completion of the Jet A1 Dash, a world-first flight using synthetic jet fuel created by using the company's world-leading combination of Underground Coal Gasification and Gas to Liquids technology at its Chinchilla Demonstration Facility in Queensland....

PN Bakken: Dea snags STL (Full story) Peter Dea brought in Norway's largest oil company, Statoil ASA (STL), to help Cirque Resources LP evaluate and develop its Heath formation leases in central Montana. But unlike Statoil's October buyout of Brigham Exploration Co. to gain access to Bakken and Three Forks tight oil plays, Cirque, a clo....

PN Bakken: Hunt's on for frack sand (Full story) South Dakota plans to conduct a study to identify suitable sand resources within the state that could be tapped by the private sector to help meet growing demand for sand in hydraulic fracturing markets, primarily in neighboring North Dakota, Petroleum News Bakken has learned. “It's a study that's b....

PN Bakken: TC, ENB pull out stops (Full story) Bakken producers on both sides of the United States-Canada border can increasingly see an answer to their hopes of accessing new North American markets by pipeline. Canadian pipeline companies Enbridge and TransCanada are in full flight, seeking commercial backing and regulatory approval to hasten t....

PN Bakken: March output makes North Dakota second biggest U.S. oil producer (Full story) North Dakota has passed Alaska to become the second-leading oil-producing state in the U.S., trailing only Texas, state officials said May 15. North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of 575,490 barrels, said Assistant North Dakota Oil and Gas Division Dir....

PN Bakken: Pipeline relief for Bakken, oil sands crude by doubling 6B (Full story) Enbridge has filed a proposal with Michigan regulators to spend $1.3 billion doubling capacity of its Line 6B to 500,000 barrels per day in response to demand from refiners for cheap Canadian crude from the Bakken and oil sands plays. The application to the Michigan Public Service Commission said th....

PN Bakken: The non-shale Bakken ‘shale play' might soon become a true shale play (Full story) Currently, almost no Bakken production contains oil extracted directly from the organic-rich shale members of the Bakken petroleum system. Rather it comes from tight, conventional reservoirs close to the shale/source rock zones; the largest producer being a dolomitic sandstone reservoir called the M....

PN Bakken: More drilling in lower Three Forks (Full story) In a May 3 conference call following the release of first quarter earnings, Continental Resources executives told investors they were planning seven more Three Forks second-bench wells, along with their first third-bench well — all in 2012 and early 2013. “Our first third-bench well will be drilled....

PN Bakken: Oil transport picture changing (Full story) In Continental Resources May 3 first quarter earnings conference call, company president and COO Jeff Hume noted there had been a lot of interest in “differentials on pipe barrels delivered to Clearbrook, Minnesota and Guernsey, Wyoming markets” and how it was impacting Continental's net wellhead pr....

PN Bakken: Bowood, Legacy target Alberta Bakken (Full story) Canadian junior E&P Bowood Energy has made a move towards consolidation of assets in southern Alberta's emerging Bakken play. It has a deal to acquire assets in the southern Alberta region from Legacy Oil + Gas, including the sales of 68,581 net acres of Legacy's undeveloped land for 2 million commo....

PN Bakken: Infrastructure puts crimp on Bakken (Full story) The midstream and downstream challenges — roads, transportation and refineries — that face the big Bakken, Eagle Ford, Permian and Niobrara plays preoccupied many speakers at recent conferences in Washington, D.C., and Denver. And it started with gaining access to the prolific plays in North Dakota.....

PN Bakken: BLM lease sale draws $3.9 million in Montana, Dakotas (Full story) A recent sale of oil and gas leases on federal lands in Montana, North Dakota and South Dakota brought in $3.9 million in bonus bids from 12 winning bidders. The average bonus bid per acre was $74.80. The U.S. Bureau of Land Management said May 9 that 151 parcels offered in the three states receive....

PN Bakken: Most leased public acreage ‘idle' (Full story) A considerable majority of the public lands and waters leased for oil and gas development remain idle, according to a report from the U.S. Department of the Interior. The idle acreage includes onshore leases in the area around the Williston basin. President Obama called on federal land managers in M....

PN Bakken: The Bakken from five points of view (Full story) In April, Magnum Hunter Resources Corp. (NYSE: MHR) announced a $311 million deal to grab more working interest across its Bakken and Three Forks properties in the Williston basin. Although small, Magnum Hunter operates in three of the most economic liquids-rich unconventional regions in North Ameri....

PN Bakken: Capital raised for Louisiana terminal (Full story) Petroplex International, a Louisiana-based developer of bulk liquid storage terminals, and an associated investment consortium, said it has raised $600 million for a multi-modal bulk liquid terminal in St. James Parish in Baton Rouge. The planned initial capacity is targeted at 4-6 million barrels,....

PN Bakken: Crescent back in the buying business (Full story) Calgary-based Crescent Point Energy, a trailblazer in the use of horizontal drilling and multistage fracturing to commercialize Saskatchewan's tight-oil plays, is working on twin-pronged objectives — continuing additions to its portfolio of resource plays through acquisitions and weighing expansion....

PN Bakken: No ‘fat cats' among wealthy landowners (Full story) While the North Dakota oil boom has generated a fresh crop of wealthy landowners, those newly minted millionaires don't fit the stereotype of a “fat cat,” according to a recent story in Investment News. In fact, they are more likely to remain low-key, with an eye toward helping their neighbors. “Th....

PN Bakken: Seaway solves glut, creates one (Full story) First crude has entered the reversed Seaway pipeline, relieving 150,000 barrels per day of the squeeze at Cushing, Okla., but as fast as one problem gets help another surfaces. The Enbridge-Enterprise Products Partners joint venture covers 500 miles to Freeport, Texas. It is designed to carry more....

PN Bakken: Underexplored and untested (Full story) Folks came to the Black Hills Bakken Conference in Spearfish, S.D., earlier in May, hoping that the experts would confirm widespread speculation that their native South Dakota was on the cusp of an oil boom equal to the one currently under way in neighboring North Dakota. Answers provided by geolog....

PN Bakken: Northern Oil posts record Q1 results (Full story) Strong growth propelled Northern Oil and Gas Inc. (NYSE/AMEX: NOG) to set new records in production, oil and gas sales and adjusted operating earnings during the first three months of 2012, reflecting the non-operator's success in increasing its net acreage and more than doubling its net productive....

PN Bakken: Continental gets new president; Hume moves to strategic growth (Full story) A major senior management change is under way at big Bakken producer Continental Resources. Effective June 4, Jeff Hume, the company's president and chief operating officer, will assume the role of vice chairman of strategic growth initiatives; in turn, Rick Bott will replace Hume as president and c....

PN Bakken: Obama's mulligan on Keystone XL (Full story) The Washington Times has an opinion piece in its May 16 edition from Sens. Lisa Murkowski, R-Alaska, and David Vitter, R-Louisiana, calling on U.S. President Obama to seize a rare second chance to do the right thing and approve TransCanada's Keystone XL pipeline project. Check it out: http://bit.ly....

PN Bakken: Bismarck booked for big oil conference, expo (Full story) By May 12, restaurants, rental cars and hotels were already booked and Bismarck, N.D.‘s airport was expecting an impressive fleet of oil company-owned business jets to crowd the tarmac for the three-day North Dakota oil conference and expo starting May 22. Officials believe the Williston Basin Petro....

PN Bakken: Lynn Peterson: Steady hand at helm (Full story) When Kodiak Oil & Gas Corp. sailed into the Williston basin of North Dakota and Montana in 2004, it was a small independent hoping to cash in on the rich promise of the region. During the ensuing eight years, the company has grown rapidly from a pure explorer of the Bakken with a $6 million annual b....

PN Bakken: Record production eases Voyager losses (Full story) Record oil production and revenues helped Voyager Oil & Gas Inc. sharply decrease its losses year over year, but the company still failed to turn a profit in the first quarter. The Billings, Mont.-based independent reported a net loss of $256,370 during the first quarter, down from a net loss of $88....

PN Bakken: Oasis earns $16.4M in first quarter (Full story) A sharp jump in production helped Oasis Petroleum Inc. turn a profit in the first quarter. The Houston independent reported net income of $16.4 million from the first quarter, up from a loss of $6.8 million year over year and a loss of $13.4 million quarter over quarter. Oasis produced 17,633 barrel....

PN Bakken: Totem Equipment & Supply exclusive to ND dealer (Full story) Totem Equipment and Supply said May 9 that it announces the appointment of Four Seasons Equipment of North Dakota LLC as the exclusive dealer for the Totem line of heaters. Four Seasons will stock the well known indirect fired self-contained 1 million Btu Totem 10 at their facility in Williston. In....

PN Bakken: Weston Solutions finds unique solution for ND office (Full story) Weston Solutions said May 11 that when it sought an office location in Dickinson, N.D., an area of rapid growth, it found the downside of that growth— a severe housing shortage. But for Weston, a firm predicated on solving complex challenges, it considered an innovative solution few firms might cons....

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Pioneer estimates 50 million barrel discovery at Nuna 05/07/2012

TransCanada terminates first open season 05/04/2012

AGIA focus shifts to LNG 05/02/2012

Some Alaska North Slope crude is making round-trip 05/01/2012

Conoco earns $616 million on rising prices and production 04/23/2012

Oil tax, in-state pipeline on special session call 04/16/2012

Chukchi Sea lease sale appeal goes to 9th Circuit 04/12/2012

Marathon sells Cook Inlet assets to Hilcorp 04/09/2012

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