
Luke Saugier
37:01 - 37:28
"The gas resource, as everybody knows, at Prudhoe Bay is tremendous. 22 Trillion cubic feet of recoverable gas by the AOGCC's estimate."
“The gas resource, as everybody knows, at Prudhoe Bay is tremendous. 22 Trillion cubic feet of recoverable gas by the AOGCC's estimate.”
The gas resource, as everybody knows, at Prudhoe Bay is tremendous. 22 Trillion cubic feet of recoverable gas by the AOGCC's estimate. You know, the oil production, as everybody knows, is also tremendous. 13 Billion barrels of oil have been produced so far, and we still make about 250,000 barrels of oil every day. With that oil, we produce 6 to 9 billion cubic feet of gas.
Three major North Slope producers told the Alaska Senate Finance Committee they signed gas sale precedent agreements for Alaska LNG Phase 1 and will sell at the lease line. That structure means midstream pipeline and treatment costs won't be deductible against oil production tax.
