This week, 88 Energy announced they’ve started setting up a rig on the North Slope to drill a second well for Project Icewine. According to a recent 88 Energy presentation, the company thinks its leases may hold between 1.4 and 3.6 billion barrels of oil.
An ongoing natural gas leak in Cook Inlet is sparking a debate over pipeline safety. Hilcorp says it can’t shut off the flow of gas through the pipeline without risking an oil spill, but a number of environmental groups disagree.
There’s a lot of excitement building about three big oil discoveries on Alaska’s North Slope. Caelus, Armstrong and ConocoPhillips all recently announced they’ve found huge new oil fields. But what does it take to prove an oil discovery?
Hilcorp recently informed state regulators that the company is unlikely to begin repairs on a gas leak in Cook Inlet until mid- to late March, according to a letter obtained by Alaska’s Energy Desk through a public records request.