Stay updated with breaking news from Lois epstein. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When Congress Last debated opening anwr to oil and Gas Development, people made arguments about the use of new technology and how it would minimize the impact on anwr. Since then a lot of the claims have borne out in the industry. We will share some of them today. A couple are directional. Extended reach Multi Lateral drilling techniques that allow wells to be drilled in all directions from a well pad kind of like spokes on a bicycle wheel. Directional drilling has been around since the 1970s. But at that time it was did not allow the reach that we can now. And so you could drill a few square miles around a pad. I have a figure thats been shown before in the hearing today. You can see a couple, three square miles using technology from the 1970s and fast forward to the run on the far right, 12acre pad where a rig can reach ....
There is more brush now than there has ever been in the past they have had to change where they go. This is real. I just left and there is no snow on the ground in fairbanks. It was 30 degrees when i left. That has a real impact as well. When it ices over they have a harder time getting to their food. I hope to see that this body recognizes that. Thank you mr. Alexander. Thank you. Senator lee. Thank you very much. I want to add my support for the opening up of a coastal plain region. This proposal makes sense on a number of levels, from an Economic Perspective opening up this small small remote area will provide billions of dollars in federal revenues alone over the next few decades which could be used to chip away at our staggering budget deficits that we are guessing. And new development will be for alaska, a state struggling for high unemployment and for its own budget shortfalls. Opening up the coastal plane makes sense ....
Good morning everyone. Committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You bring it over here, sean. Within the nonwilderness portion of an war. And i think its important to put this in context in terms of the areas we are talking about. Anwar itself is 19 million acres. Approximately the size of south carolina. The nonwilderness area, is approximately the size of delaware. The area here is designated as federal wilderness. So when were talking about anwr itself, i think its importedant to recognize there are parts that are designated as wilderness, parts within the refuge and ....
Alaskas delegation senator lisa measure cows ki is the chair of the hearing. Welcome back, everyone. Sorry for the extra tenminute delay but we have finished at least these tranche of voting and hopefully well have an opportunity to get through this last panel with an opportunity for questions and conclude the hearing before we have another round of votes. So thats the hope here. This second panel is perhaps more of our technical panel. We have several witnesses present to help answer questions about modern development on the north slope and what it might look like in the future. Joining us today are mr. Aaron shut. Aaron is the president and ceo of doyon limited. Thank you for being here. You also brought your son with you, which is a great Educational Opportunity for him and we appreciate you both being here. Low w lois epistone is epstein is with us. She has been before the committee before. Following ms. Epstein, we w ....
[ gavel ] welcome back, everyone. Sorry for the extra tenminute delay, but we have finished at least this tranche of voting, and hopefully, well have an opportunity to get through this last panel with an opportunity for questions and conclude the hearing before we have another round of votes, so thats the hope here. This second panel is perhaps more of our technical panel. We have several witnesses present to help answer questions about modern development on the north slope and what it might look like in the future. Joining us today are mr. Aaron sh shutt, president and ceo of doyon limited. Thank you for being here. You also brought your son with you, which is a great Educational Opportunity for him, and we appreciate your being here. Lois epstein is with us. Lois has been before the committee before. We welcome her back. She is the Arctic Program director for the w ....