A Second Wind for the North Slope?

A Second Wind for the North Slope?
Alaska works to open off-limit federal lands for exploration and development.

NPRA, the largest block of federally managed land in the country, is reported to contain approximately 895 million barrels of economically recoverable oil and 52.8 trillion cubic feet of natural gas. However, in 2013, the Obama administration made 11 million of NPRA’s 22.8 million acres unavailable for leasing, potentially precluding development of up to 350 million barrels of oil and 45 trillion cubic feet of natural gas, according to the DOI.

The 1002 Area of ANWR, a 1.5-million acre coastal plain in the 19-million acre refuge, is the largest, unexplored, potentially productive geologic onshore basin in the United States. ANWR was set aside by Congress in 1980 for its potential for oil and gas development, and for the most part has remained untouched by industry.

“The whole state is focused on opening as much of the federal land as possible that is currently off limits because it is desperate to get more oil in the pipeline,” Houseknecht said. “If a lease sale in NPRA were held tomorrow, a lot of companies currently on the North Slope and companies that haven’t explored the Slope in the last couple of decades, I pretty much would guarantee would show up in force to participate.”


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WHAT DO YOU THINK?


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Carl Hogan  |  October 05, 2017
...this would be great for the state of Alaska..... Yeah, so would making the next 200 major movies in Alaska. Another 1890's gold rush. Amazon's new HQ in Anchorage. Three more 800 mile pipelines. .... .....but not likely while oil can be produced profitably at $20/bbl in N.D. and Tejas. As price of oil rises above 50/bbl, oil production will boom in lower 48, squeezing out Alaskan oil which can't profit at under $70/bbl. All you oil workers, its time you break out your fishin poles, your tin cups your cardboard signs - your gravy train has just run off the tracks!!
Crane Hogan  |  October 05, 2017
Fat chance Alaska. Just because the oil is there doesn't mean we will go and get it when new oil and gas reserves by the billions/trillions have been located in Texas plus the Bakken. Think you can generate a profit at 15 dollars a barrel Alaska?? HMMMMMMMMM???? North Dakota can!! Texas can!! Why in the world would any fool pay YOU 60-80/bbl when we can get it from the lower 48, closer to markets and refineries and work force and for 1/2 the price??? Better learn how to net fish!~~
Daniel K. Donkel  |  August 24, 2017
Donkeloilalaska.com Shows ANWR East Point Thomson Oil Discovery made by ARCO in 1990 with the Stinson number 1 oil and gas well with lots of oil and gas but until know it could not be delineated. This project could prove ANWR and the State share a Prudhoe Bay size oil and gas field. It will be drilled now thanks to Trump!
Pickett Oilfield  |  August 23, 2017
This would be great for the economy of Alaska...
Carl  |  August 23, 2017
Lisa wants access be given to Alaska so Trump assists, but when he ask her for a vote on Medical how fast did Lisa run?
Dr Tom Williams  |  August 22, 2017
NS has BIGGER problems...both Prudhoe/Endicott are founded on permafrost...ICE - and it is melting....get a good soils engineer before you go out on the ICE...member of Parsons in 1980-90s