
John Sims
31:10 - 31:34
"The Hillcorp contract is down there at $8.36. There is an annual inflator, so it's not going to stay at that rate for the entirety of the contract. We expected about a 1.5% increase over the duration of that contract."
“The Hillcorp contract is down there at $8.36. There is an annual inflator, so it's not going to stay at that rate for the entirety of the contract. We expected about a 1.5% increase over the duration of that contract.”
So, you know, we're kind of seeing these prices are escalating significantly. The Hillcorp contract is down there at $8.36. There is an annual inflator, so it's not going to stay at that rate for the entirety of the contract. We expected about a 1.5% increase over the duration of that contract. But still, to Brett's point, the prices are going up in Cook Inlet.
Enstar Natural Gas faces losing its primary gas supply in 2033 when its contract with Hilcorp expires, leaving Southcentral Alaska utilities with no Cook Inlet producer capable of matching the scale of investment that has kept the basin producing for the past decade.
