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On April 16, GeoAlaska told Petroleum News that effective April 1, the Alaska Department of Natural Resources granted GeoAlaska a geothermal prospecting permit (ADL 394374) covering 7,299 acres on Augustine Island. This acreage expands GeoAlaska ....
Domestic crude oil production continues to grow, the U.S. Energy Information Administration said in its April Short-Term Energy Outlook, released April 9. In 2023, U.S. crude production averaged 12.9 million barrels per day and is forecast to increase to 13.2 million bpd this year and to 13.7 millio. ....
The Alaska Department of Natural Resources has a draft out for public comment of regulations for a portion of its carbon offset program. In a March 28 press release, DNR said the regulations stem from Senate Bill 48, enacted last year. That bill created two pathways for developing carbon storage pr. ....
The eastern North Slope Sourdough development is still on hold, with operator Jade Energy unwilling to spend more than the $20 million its already invested in the project until it can convince Alaska Department of Natural Resources officials to reverse their decision that put the acreage in default.. ....