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The U.S. Geological Survey Invests Millions to Map Critical-Mineral Resources in Alaska

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million to map critical-mineral resources in Alaska in partnership with the Alaska Division of Geological & Geophysical Surveys. Geological Survey will invest more than $5.8

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EIA: Proved reserves of US natural gas increased 32% during 2021

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trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report. Proved reserves in Alaska increased the most in 2021, up 63 Tcf, or nearly triple the state’s total in 2020.

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Caelus confirms large-scale oil discovery on the North Slope of Alaska

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Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. working interest) and L71 Resources, LLC (7.5%

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Repsol, Armstrong Energy make largest US onshore oil discovery in 30 years; 1.2B barrels in Alaska

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Repsol and partner Armstrong Energy have made the largest US onshore conventional hydrocarbons discovery in 30 years—up to approximately 1.2 billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. billion barrels. Armstrong holds the remaining working interest and is currently the operator.

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US DOE seeking accelerated development of unconventional energy resources in Alaska’s Arctic

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Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE).

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USGS releases first shale-oil and shale-gas resource potential assessment for the Alaska North Slope

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The US Geological Survey has released its first estimate of the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. Northern Alaska province showing boundaries of assessment units (AU). Small gray dots are exploration wells drilled in search of conventional.

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IHS Markit: Alaska North Slope a super basin ready for resurgence; production to grow 40% in 8 years

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Based on recent discoveries, the IHS Markit Plays and Basins: Alaska North Slope (ANS) Basin; Resurgence in an Arrested, Late-emerging Super Basin analysis estimates that the ANS Basin offers 38 billion barrels of oil equivalent (BOE) in remaining recoverable resources (50 trillion cubic feet (TCF) of gas, and 28 billion barrels of oil).

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