
John Sims
29:49 - 30:38
"The predominant activity is from Hilcorp, which is one of the reasons why NStar is so concerned about them kind of slowing down production and moving their investments other— other places is because there's no one else in Cook Inlet that has the balance sheet to be drilling 192 wells over a 10-year period."
“The predominant activity is from Hilcorp, which is one of the reasons why NStar is so concerned about them kind of slowing down production and moving their investments other— other places is because there's no one else in Cook Inlet that has the balance sheet to be drilling 192 wells over a 10-year period.”
Next slide. Again, this was taken from Hilcorp, just showing the difference between what Hilcorp has done and what all the other Cook Inlet Basin operators have done from a number of wells perspective on an annual basis. You can see over the last few years here, there have been 2 other entities in 2024, 4 other entities in 2025, and 2 wells drilled from other entities during that time frame. The predominant activity is from Hilcorp, which is one of the reasons why NStar is so concerned about them kind of slowing down production and moving their investments other— other places is because there's no one else in Cook Inlet that has the balance sheet to be drilling 192 wells over a 10-year period. Next slide, please.
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.
