Slope

A group of North Slope producers plans to submit a proposal to the Alaska Oil and Gas Conservation Commission (AOGCC) about sharing proprietary production data from the Prudhoe Bay reservoir. A final agreement on use of some of the data is expected to help the commission revise a rule on the rate of allowable natural gas production from Prudhoe, which in turn could pave the way for moving forward on the producers’ proposed $20 billion gas pipeline.

Within the next two weeks, a group of North Slope producers plans to submit a proposal to the Alaska Oil and Gas Conservation Commission (AOGCC) about sharing proprietary production data from the Prudhoe Bay reservoir. A final agreement on use of some of the data is expected to help the commission revise a rule on the rate of allowable natural gas production from Prudhoe, which in turn could pave the way for moving forward on the producers’ proposed $20 billion gas pipeline.

The Alaska Senate Resources Committee has blocked legislation that would have made it easier for the state to force North Slope producers to build the long-proposed natural gas pipeline.

The Alaska Senate Resources Committee has blocked legislation that would have made it easier for the state to force North Slope producers to build the long-proposed natural gas pipeline.

ConocoPhillips Alaska Inc. on Tuesday continued its clean-up of a 111,300-gallon spill of produced water at its Kuparuk field on the North Slope after a leaking pipeline was discovered late Saturday. After Prudhoe Bay, Kuparuk is the second largest oil and gas field in Alaska.

FERC staff on Friday issued preliminary environmental approval to EnCana Corp.’s proposed Entrega Gas Pipeline to transport Rocky Mountain supplies from the Piceance Basin in northwestern Colorado to the Cheyenne gas trading hub in northeastern Colorado.

The slope for sliding prices got considerably steeper in nearly all of the market Thursday, although a few western points managed to hang tough with flat performances. The factors of mild weather pervading much of the East, prior-day futures weakness, lack of tropical storm threats to offshore production and realized expectations of a bearish storage report all contributed to the overall softening.

Energy companies with substantial nonregulated entities continued their “long, downward slope” through the second quarter of 2003, but now appear to be riding out the storm, according to the latest Standard & Poor’s (S&Ps) Industry Report Card on U.S. electric, natural gas and water companies.

Energy companies with substantial nonregulated entities continued their “long, downward slope” through the second quarter of 2003, but now appear to be riding out the storm, according to the latest Standard & Poor’s (S&Ps) Industry Report Card on U.S. electric, natural gas and water companies.