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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

Apache Corp., the newest oil and gas company on the Alaska scene, says it hopes to acquire additional Cook Inlet acreage to build on its new toehold in the state -- 238,000 acres of undeveloped oil and gas leases the company acquired recently from a group of individual investors -- company officials said Aug. 24 in a meeting with reporters.
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

The state Department of Natural Resources is moving to facilitate shale development and find answers to problems that could impede it.
Industry outlook bleak without oil tax reform expiration dates on many tracts in a 500,000-acre position it bought into with Denver-based independent Armstrong Oil and Gas. "If we make a discovery, we'll want to have a conversation about the state tax rate," Hardham said. Repsol...
Governor calls special session on 3 issues

JUNEAU, Alaska (AP) - Gov. Sean Parnell is calling lawmakers back for a special session this week to deal with unresolved issues from the just-ended legislative session, including oil taxes. Parnell issued a special session call shortly after the House and Senate adjourned their regular session early Monday. Also on the call are HB9, a bill meant to further advance an in-state natural gas pipeline project, and HB359, Parnell's bill to strengthen penalties for people convicted of sex trafficking. The special session is scheduled to start Wednesday.


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