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Oil flows from CIE well

Cook Inlet Energy struck oil with its Sword No. 1 well located on the western side of Cook Inlet. According to the statement of discovery received by the Division of Oil and Gas on Dec. 19, 121.
Murkowski blasts federal rejection of refuge road

...guarantee about what Alaska will get in return.Murkowski said the Legislature has taken serious steps to try to boost oil flow through the trans-Alaska pipeline system and that it is long past time for the federal government to do the same.While...
Port Mac on schedule, if funding keeps flowing

...taxes and the federal government, he said the state is currently counting on the unsecure future of federal spending, oil flow through the pipeline and near-record high oil prices.To date, the rail project has received $146 million in state...
Positives, negatives to be found in Parnell's oil tax pitch

...oil should be expanded.The special Senate committee on oil flow through the trans-Alaska pipeline is expected to advance...state senators," McGuire said.McGuire, a member of the oil flow committee, said she believes a lack of competitiveness...
Voices of Alaska: Oil tax needs to be competitive

...exploration program. Oil taxes now supply 90 percent of our state revenue -- the highest ever. The rate of decline in oil flow through the Trans Alaska Pipeline System (TAPS) is increasing. Producer investment in Alaska is decreasing -- and...
Oil flow slowing

Production from the North Slope may be declining faster than expected. Production declined 7.45 percent for the 12-month period preceding July 1, compared to the previous 12 months, according to preliminary data from the state Department of Revenue. Average production for the state's fiscal year 2011, from July 1 2010, to June 30, 2011, was 596,000 barrels per day, the department said.The long-term average decline in production has been about 6 percent.
Three spills spoil Alyeska pipeline restart

...does 12-hour maintenance shutdowns every September to replace valves or do other maintenance that can only happen when oil flow is shut off. Richard Fineberg, a Fairbanks economic and environmental consultant, said that the spills are another...
State expected to use more from savings account than previously thought

...production from the North Slope fell below 1 million barrels in fiscal 2001 for the first time in 24 years. While the oil flow is stabilizing, revenue officials are projecting declining oil revenues in future years as more oil is drawn from newer...
Back in the office: Legislators get to work on oil taxes, coastal management

...Fairclough said. "Data that we now have from the pipeline shutdown in early January (on technical problems due to low oil flow) shows that we may need new oil faster than we expected." On the natural gas pipeline, Fairclough and other legislators...
Time is ticking away on pipeline

...ensconced in their offices they are oblivious to how close the pipeline came to freezing up a few weeks ago due to low oil flow and low liquid temperatures. Signs the Senate majority is out of touch are everywhere. While production declines, they...


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