Providing coverage of Alaska and northern Canada s oil and gas industry
Focus on North Fork
Kay Cashman
Petroleum News
Vision Resources, a Gardes Holdings company, has entered into a five-year natural gas sales and purchase agreement with Alaska Pipeline Co. that will result in APCs utility affiliate Enstar Natural Gas Co. distributing gas from Visions North Fork unit. The field is north of Homer on Alaskas southern Kenai Peninsula.
The agreement was filed in February by Enstar with the Regulatory Commission of Alaska, which oversees supply contracts for regulated utilities. Enstar provides natural gas distribution service to the municipality of Anchorage and portions of the Matanuska-Susitna and Kenai Peninsula boroughs.
Providing coverage of Alaska and northern Canada s oil and gas industry
North Fork plan of development approved
Glacier asks for delay in scheduled contraction to allow new owner, Gardes Holdings, to assess opportunities once state OKs transfe
Kristen Nelson
Petroleum News
A Feb. 25 decision, signed by Alaska Division of Oil and Gas Director Tom Stokes, approved the 56th plan of development for the North Fork unit submitted by Cook Inlet Energy, a Glacier Oil & Gas Corp. company.
Glacier sold North Fork to Gardes Holdings Inc. in November (see story in Nov. 15 issue..
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Contraction delay request
Providing coverage of Alaska and northern Canada s oil and gas industry
State approves two CIE Redoubt requests
Cook Inlet Energy request included voluntary relinquishment of some acreage, request for delay of mandatory contraction of unit
Kristen Nelson
Petroleum News
The Alaska Division of Oil and Gas has approved requests from Cook Inlet Energy, a Glacier Oil & Gas Corp. company, for voluntary relinquishment of some acreage within the Redoubt unit a request the division said also included a request for a one-year delay in mandatory unit contraction.
The Feb. 2..
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Division decision
Wed, 03/03/2021 - 9:18am
Prices for long-term supplies of natural gas from Cook Inlet remain high relative to much of the country but are inching downward based on the latest in a series of recently signed public contracts.
Enstar Natural Gas Co. filed a contract with the Regulatory Commission of Alaska containing a starting price of $7.30 per thousand cubic feet, or mcf, of natural gas with Vision Resources LLC, the new owners of the North Fork Unit on the Kenai Peninsula. The RCA reviews and rules on supply contracts for regulated utilities.
While the five-year gas sale and purchase agreement covers nearly 3 percent about 1 billion cubic feet, or bcf, of gas per year of the Southcentral gas utility’s annual demand, the starting price is also 3 percent less than the initial rate of $7.55 per mcf Enstar agreed to in a contract for the vast majority of its gas needs last May.
Providing coverage of Alaska and northern Canada s oil and gas industry
Division denies Glaciers Badami expansion
E. North Slope unit operator lacks sufficient work plan for expansion area, no geo proof of connectivity between unit, new area
Kay Cashman
Petroleum News
On remand from the commissioner of the Alaska Department of Natural Resources, the director of the Division of Oil and Gas denied an application from operator Savant Alaska to expand the eastern North Slope Badami unit in a decision issued on Jan. 22. Savant is a Glacier Oil and Gas company.
As Petr..
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