Vast

BP and ConocoPhillips Tuesday announced a 4 Bcf/d Alaska gasline project, called Denali — The Alaska Gas Pipeline, to commercialize the state’s vast North Slope gas reserves. They claimed the project would be the largest private-sector construction ever in North America.

Southwestern Energy Co., which agreed last week to sell about 6% of its vast holdings in the Fayetteville Shale to XTO Energy Inc., plans to sell its assets in the Permian Basin of Texas and New Mexico.

TransCanada’s proposal for a gasline to commercialize Alaska’s vast North Slope reserves depends upon the state’s three major producers “solving a maze of problems in Canada…and does not merit state support,” a former Alaska governor wrote in a recent newspaper editorial.

Keeping the theme intact of moving mostly as a whole on a daily basis, a vast majority of cash points finished out the week with gains on Friday, recording hikes that ranged mostly from a few pennies to a quarter. A few El Paso points out West were some of the only losers on the day, shedding a couple of pennies apiece. It was an up and down week. Friday’s gains built on increases Thursday. Monday and Wednesday showed overall declines offset by widespread increases Tuesday.

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and last week selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).

Notably absent from those stepping up to commercialize Alaska’s vast North Slope gas reserves with pipeline/liquefied natural gas (LNG) projects under a state-sanctioned plan are the region’s three major producers and a pipeline company that many expected to throw its hat in the ring.

Notably absent from those stepping up to commercialize Alaska’s vast North Slope gas reserves with pipeline/liquefied natural gas (LNG) projects under a state-sanctioned plan are the region’s three major producers and a pipeline company that many expected to throw its hat in the ring.

The Walker Ridge in the Lower Tertiary of the deepwater Gulf of Mexico (GOM), which may — or may not — hold vast amounts of oil and natural gas reserves, captured the highest bid for a block in the Minerals Management Service’s (MMS) Central GOM sale last week.