Luke Saugier
19:31 - 20:04
"the gas resource at 800 billion cubic feet is, we would say, significantly larger than the remaining oil resource"
“the gas resource at 800 billion cubic feet is, we would say, significantly larger than the remaining oil resource”
- Speaker
- Luke Saugier
- Timestamp
- 19:31 – 20:04
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 8, 2026
From the transcript
Okay, so North Star is very much towards the tail end of its life. It has high operating costs because because it's in Arctic, in the middle of the Arctic Ocean, makes a little bit of oil and a whole lot of gas. And Hillcorp is the only operator. And so this was our first, let's say, targeted gas resource that we wanted to sell because it is towards the end of its life. And when you sell it, there is a cost of the oil production, but the gas resource at 800 billion cubic feet is, we would say, significantly larger than the remaining oil resource.
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