Mike Coy
99:35 - 100:09
"extending and expanding royalty relief that would help incentivize explorers and developers. And then if we're talking about offshore, access to additional drilling capability meaning additional rig capability would be necessary. Right now, the only rig available is the Hillcorp Rig 151, the Spartan 151."
“extending and expanding royalty relief that would help incentivize explorers and developers. And then if we're talking about offshore, access to additional drilling capability meaning additional rig capability would be necessary. Right now, the only rig available is the Hillcorp Rig 151, the Spartan 151.”
- Speaker
- Mike Coy
- Timestamp
- 99:35 – 100:09
- Community
- Alaska News
- Location
- Juneau
- Captured at
- September 10, 2026
From the transcript
Next would be fiscal modernization. So we believe there's some pretty simple things that could, could happen, including extending and expanding royalty relief that would help incentivize explorers and developers. And then if we're talking about offshore, access to additional drilling capability meaning additional rig capability would be necessary. Right now, the only rig available is the Hillcorp Rig 151, the Spartan 151. Just rough estimates, maybe 6 wells a year can be drilled with that well, given the limit timeframe in the upper part of the Cook Inlet.
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