Hex LLC and subsidiary Furie dominate Cook Inlet lease sale
Small independents did the bidding in Wednesday’s oil and gas lease sale that netted the Alaska Department of Natural Resources $451,594 from eight bids.
Conflicting legal opinions lead to discrepancies in Alaska state finances totaling more than $1.6 billion
A legislative audit detected 91 issues with the state’s money management and reporting last year.
Copper River sockeye fishery closed again as sonar counts remain low
A state biologist said he’s hopeful the late, cool spring and resulting colder water have held many fish back from entering the river on a more traditional schedule.
UK explorer says it’s made a billion-barrel oil discovery along the Dalton Highway in Arctic Alaska
Industry sources who have followed the Great Bear-Pantheon work generally said the porosity and permeability of the rock formations — and the ability to easily get the oil out of them — will most likely determine the ultimate size and success of the project.
New president of ConocoPhillips Alaska says he’s excited to return to frontier exploration after stint in Texas
Erec Isaacson first reported to work in Alaska in 2006 as the company’s exploration manager as it was entering the National Petroleum Reserve-Alaska in earnest.
Raters credit Permanent Fund for improved Alaska fiscal outlooks
The firms that evaluate Alaska’s creditworthiness mostly agree that the state’s financial picture is getting better, at least in the short-term.
Alaska waiver keeps individual health insurance rates down despite pandemic
The state’s two remaining individual health insurance plan providers on the marketplace, Premera Blue Cross Blue Shield and Moda Health, declined to significantly raise rates for 2021.
Alaska Air Group reports $131 million first-quarter loss tempered by federal emergency funds
The early 2021 results are a significant improvement over a year ago, when the Seattle-based airline company lost $232 million.
Alaska gas line project left out of Biden administration’s massive infrastructure proposal
The $2 trillion-plus infrastructure plan makes no mention of pipelines and discussion about natural gas infrastructure is limited to $16 billion for plugging and abandoning orphaned oil and gas wells and mines.
Alaska oil industry still reeling from pandemic crash even as prices recover
Approximately 6,300 people were employed in the state’s oil and gas sector last month, which was in line with February but did not reverse a declining trend.
2021 Top Forty under 40 recognizes young professionals across Alaska
One hundred and fourteen nominees and 750 pages of supporting documentation were considered in the selection process.
Railbelt utilities’ request for extension to coordinate grid reform meets resistance
The heads of the Chugach, Golden Valley, Homer and Matanuska electric associations along with Seward’s utility director are asking lawmakers for another year to hash out the regulations needed to stand up a new grid planning organization.