
Luke Saugier
21:59 - 22:12
"It's 6 trillion cubic feet of gas recoverable, is what ARGCC estimates."
“It's 6 trillion cubic feet of gas recoverable, is what ARGCC estimates.”
So now we're getting a little bit more complicated, because Hilcorp and Exxon need to agree on how to manage this large resource. And it is a large resource. It's 6 trillion cubic feet of gas recoverable, is what ARGCC estimates.
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.
