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

Green Car Congress

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. We’re proof that the credit programs work.

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9

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BP to sell Alaska business to Hilcorp for $5.6B

Green Car Congress

BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. The sale will include BP’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s

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

Green Car Congress

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. The proved reserves located in Alaska had already quadrupled in 2020 from 9.4

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

Green Car Congress

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. of net oil pay in several reservoir zones in the Nanushuk section. billion barrels.

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EGEB: Biden administration freezes oil, gas leases in Alaska wildlife refuge

Electrek

In today’s Electrek Green Energy Brief (EGEB): The US Department of the Interior suspends oil and gas leases in the Arctic National Wildlife Refuge. Danish wind giant Ørsted bumps up its clean energy target to reach 50 GW of installed capacity by 2030. Click here to learn more and get your quotes. — *ad.

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

Green Car Congress

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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