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Biden Administration greenlights ConocoPhillips Willow project in Alaska

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US Department of the Interior has approved a scaled-back version of ConocoPhillips’ Willow Master Development Plan in the National Petroleum Reserve-Alaska (NPR-A). The Willow project is estimated to produce 180,000 barrels of oil per day at its peak. Earlier post.) President Biden will also take action to designate approximately 2.8

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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). However, these shales also likely retain oil and gas that did not migrate.

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Obama and Trudeau put majority of US and Canadian Arctic water off-limits to offshore oil and gas leasing

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US President Obama and Canadian Prime Minister Trudeau jointly announced sweeping restrictions to offshore oil and gas leasing in the US and Canadian Arctic waters. Obama designated the vast majority of US waters in the Chukchi and Beaufort Seas as indefinitely off limits to offshore oil and gas leasing.

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Shell backs out of Alaska for foreseeable future with financial hit

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Shell announced on Monday that it will cease further exploration activity in offshore Alaska for the foreseeable future. The balance sheet carrying value of Shell’s Alaska position is approximately $3.0 The Burger J well is approximately 150 miles (241 km) from Barrow, Alaska, in about 150 feet (46 meters) of water.

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Argonne analysis shows greenhouse gas emissions similar for shale, conventional oil

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Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

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Department of Interior seeking industry input on interest in potential oil and gas lease sale in Alaska’s Cook Inlet

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The Department of the Interior’s (DOI) Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 (earlier post ) includes one potential special-interest lease sale in the Cook Inlet Planning Area (Sale 244). The area’s state waters contain 16 production platforms, 12 of which are currently active.

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US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

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The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

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