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Study says Cook Inlet's oil, gas industry worth $4.7 billion to state

The rebound in Cook Inlet oil and gas has multi-billion-dollar consequences for the Southcentral Alaska economy, according to a new study by Northern Economics, Inc., an Anchorage-based consulting firm. The study was commissioned by the Anchorage Chamber of Commerce and was released April 21. J.R. Wilcox, president of Cook Inlet Energy, an independent oil and gas company now producing new oil and gas from the Inlet, outlined key points from the Northern Economic study in a briefing to chamber members the day it was released.
More gas coming for Southcentral

...receiving natural gas from the small North Fork field on the Kenai Peninsula this spring under a contract with Armstrong Oil and Gas Co., a Denver-based independent company that owns the field, Starring told the Resource Development Council...
Utilities beef up energy systems

There's good news - possibly - about new natural gas discovered in Cook Inlet. But that wouldn't be in production for two to three years, if Escopeta Oil's find is proven after more tests and drilling. Closer at hand, one sure bet is that a new gas storage facility near Kenai will be ready for use next year. It's in construction now, and it will help the regional utilities insure against cold-weather interruptions in gas supply in 2012.
Stevens defends Senate oil tax plan

...Exxon's blessing isn't needed for projects at Kuparuk, where ConocoPhillips sees potential for new investment. Armstrong Oil and Gas Inc. also has said $9 billion in investment is possible between it and Repsol E&P USA Inc. with a change on...
New inlet explorer looks to expand attempting to develop the Cosmopolitan oil deposit on the Inlet's east side, while a smaller independent, Armstrong Oil and Gas, is developing a small gas field on the Kenai Peninsula. Aurora Gas, another small independent, is producing...
RCA OKs Enstar contract

...commission in approving new gas contracts, a move many hope will spur exploration for gas in Southcentral Alaska. Armstrong Oil and Gas Inc. would develop the field through its subsidiary, Anchor Point Energy. The company plans to produce gas from...
Short on gas: Solid supply requires more Cook Inlet production

...quantities are still small, new gas is coming into Enstar Natural Gas Co.'s pipeline system from a new producer, Armstrong Oil and Gas. Also, explorers drilling for gas in Southcentral appear to be finding some, although it is too early to know...
Shale oil could be 'game changer' for Slope, acquired leases on a substantial amount of acreage west of Great Bear's leases in a deal with independent Armstrong Oil and Gas. In his presentation, Decker compared the North Slope potential to the Bakken shale oil play in North Dakota...
Industry outlook bleak without oil tax reform

Major Alaska oil producers presented a pessimistic picture of the North Slope production outlook during presentations to the Resource Development Council's annual conference in Anchorage earlier this month. But other companies, mostly independents, were more upbeat and are planning a surge of exploration drilling this winter. However, the state of Alaska is funding much of the exploration through incentives that pay for more than half the costs of a well, the explorers acknowledged.
Governor calls special session on 3 issues

...a long ways toward efforts to get new oil into the trans-Alaska pipeline. On Saturday, a vice president of Armstrong Oil and Gas Inc. - one of the independent companies targeted by the Senate plan - sent Stevens and Chenault a letter praising...


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