As reserves in the Cook Inlet Basin dwindle, Alaska leaders are warning of natural gas shortages as early as 2027. Natural gas production in the basin has fallen to about 70 Bcf/year, according to the Alaska Department of Natural Resources (DNR). The reduced production was cited for shuttering operations at the Agrium Kenai Nitrogen Plant…
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Articles from Hilcorp
Alaska LNG Joined by Hilcorp, Asian Firms to Study Ammonia, CCS
The state-owned organization developing the Alaska LNG export project on the Kenai Peninsula has signed an agreement with Mitsubishi Corp., Toyo Engineering Corp. and Hilcorp Alaska to study creating zero-carbon ammonia and carbon capture and sequestration projects. Alaska Gasline Development Corp. (AGDC) said the Japanese firms and Houston-based Hilcorp, the largest natural gas producer in…
Hilcorp Taking Over BP’s Legacy Alaska Upstream Portfolio
Houston’s Hilcorp Energy Co. has completed a takeover of BP plc’s upstream portfolio in Alaska and is nearing a handoff of the midstream unit, allowing the private explorer to become one of the state’s biggest operators. The $5.6 billion deal struck last year with BP hands affiliate Hilcorp Alaska immediate control of BP Exploration (Alaska)…
NGI The Weekly Gas Market Report
BP, Hilcorp Revamp $5.6B Alaska Sale on Decline in Oil Prices, Market Volatility
BP plc still expects to offload its legacy Alaska portfolio to Houston-based Hilcorp Energy Co., but terms of the $5.6 billion agreement have been renegotiated in response to market volatility.
Hilcorp Captures BP’s Legacy Alaska Oil, Gas Operations for $5.6B
Houston-based Hilcorp Energy Co., one of the largest private operators in the country and the largest in Alaska, pulled a stunner Tuesday, agreeing to pay BP plc $5.6 billion for all of its legacy operations and interests.
New Mexico to Reconsider Hilcorp’s San Juan Plans
New Mexico regulators said Tuesday they plan to reevaluate recently granted approvals that would allow Houston-based Hilcorp Energy Co. to increase San Juan Basin oil and gas development.
New Mexico’s Green Light for San Juan Drilling Draws Criticism
A Houston-based exploration and production company (E&P) with new approvals to step up some wells in the San Juan Basin has caused a controversy as New Mexico gets ready for an incoming Democratic governor to replace the incumbent Republican.
Hilcorp’s Liberty Island Project for Beaufort Sea Approved
The Interior Department’s Bureau of Ocean Energy Management* has given conditional approval to a subsidiary of Hilcorp Energy Co. to develop an offshore oil and gas production facility in Alaska’s Beaufort Sea.
Hilcorp Bids More Than $3M For Federal Leases in Alaska’s Cook Inlet
At the first auction of federal offshore leases in Alaska’s Cook Inlet in nearly a decade, Hilcorp Alaska LLC submitted bids of more than $3 million on Wednesday, according to the Interior Department’s Bureau of Ocean Energy Management (BOEM).
Hilcorp Fixes Leaking Cook Inlet NatGas Line
A leaking natural gas line in the Middle Ground Shoal area of Alaska’s Cook Inlet was sealed late last week, pipeline operator Hilcorp Alaska LLC said.