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Organizations/Hilcorp Alaska
H

Hilcorp Alaska

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Cook Inlet and North Slope operator — acquired BP's Alaska assets in 2020. Prudhoe Bay, Milne Point, Cook Inlet gas.

hilcorp.com ↗

JL Tower, 3800 Centerpoint Dr #1400, Anchorage, AK 99503, USA

Video Clips

Browse all clips
0:35

Luke Saugier

“they contain pricing. We've agreed on pricing, we've agreed on volumes, we've agreed on terms, right? And there are other things that we have not yet agreed on that we continue to work on as we move forward.”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

0:33

Luke Saugier

“the gas resource at 800 billion cubic feet is, we would say, significantly larger than the remaining oil resource”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

0:34

Luke Saugier

“we estimate the cost to sell Phase 1 gas into a pipeline would be, we think, less than $50 million”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

0:37

Luke Saugier

“Our only upstream cost will be that connection into the pipeline, which will be right at, as you say, the tailgate of our plant.”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

0:13

Luke Saugier

“It's 6 trillion cubic feet of gas recoverable, is what ARGCC estimates.”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

0:31

Luke Saugier

“These are non-binding commitments. Um, and as it says, they don't, they don't trigger any gas deliveries or financial obligations. It's our continuing commitment to work together.”

Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026

Sunday, June 14, 2026Sun, Jun 14, 2026

MEA seeks RCA approval to pass gas storage costs to ratepayers

Matanuska Electric Association filed a tariff Saturday to add a new Cost of Power Adjustment element that would recover natural gas storage costs from member-owners, tied to a March 2 effective date the RCA already approved.

Walter AlaskaNewsby Walter AlaskaNews2w ago2 min readAI
Anchorage
Cover image for article: MEA seeks RCA approval to pass gas storage costs to ratepayers
Tuesday, June 9, 2026Tue, Jun 9, 2026

All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line

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.

Alaska Newsby Alaska News3w ago3 min readAI
Juneau
Cover image for article: All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
Monday, June 22, 2026Mon, Jun 22, 2026

Hilcorp wants five years to drive across North Slope subsistence land

Hilcorp Alaska wants a five-year permit to drive off-road across North Slope state lands. The real question is who controls the conditions on subsistence land.

Bill AlaskaNewsby Bill AlaskaNews1w ago2 min readAI
North Slope, Alaska
Cover image for article: Hilcorp wants five years to drive across North Slope subsistence land
Thursday, June 4, 2026Thu, Jun 4, 2026

Cook Inlet gas production drops 60% since 2010

Daily production has fallen from 450 million cubic feet per day in 2010 to around 200 million in 2026. Winter demand hits 320 million cubic feet per day, forcing ENSTAR to plan LNG imports by 2033.

Alaska Newsby Alaska News3w ago2 min readAI
Alaska
Cover image for article: Cook Inlet gas production drops 60% since 2010
Wednesday, June 3, 2026Wed, Jun 3, 2026

Hilcorp, ENSTAR seek leases for three Cook Inlet gas storage sites

Two companies filed applications to convert depleted Cook Inlet gas fields into storage facilities. The state is accepting public comments on proposals aimed at shoring up Southcentral Alaska's gas supply as the basin matures.

Alaska Newsby Alaska Newsadded 3w ago1 min readAI
Alaska
Saturday, June 6, 2026Sat, Jun 6, 2026

Two firms seek competing gas-storage leases at Kenai Loop field

Hilcorp and ENSTAR have both applied to convert the Kenai Loop Gas Field into storage, setting up a potential conflict over subsurface rights as Alaska pushes to expand storage capacity ahead of LNG export decisions.

Bill AlaskaNewsby Bill AlaskaNewsadded 2w ago2 min readAI
Alaska
Cover image for article: Two firms seek competing gas-storage leases at Kenai Loop field
Friday, June 5, 2026Fri, Jun 5, 2026

Hilcorp seeks Cook Inlet gas storage lease at Beluga River — part of how Southcentral plans to get through winter as gas production declines

The state is taking public comment on Hilcorp's application to store natural gas in depleted Beluga River reservoirs for winter peak demand. The lease area overlaps salmon habitat and beluga whale critical habitat on the west side of Cook Inlet.

Alaska Newsby Alaska News3w ago2 min readAI
Cook Inlet
Cover image for article: Hilcorp seeks Cook Inlet gas storage lease at Beluga River — part of how Southcentral plans to get through winter as gas production declines
Tuesday, March 24, 2026Tue, Mar 24, 2026

Senate Panel Questions DNR Commissioner Nominee on Gas Development

The Senate Resources Committee conducted a confirmation hearing for John Crowther, the governor's nominee for Commissioner of the Department of Natural Resources.

Alaska Newsby Alaska Newsadded 2mo ago2 min readAI
Alaska
Friday, May 8, 2026Fri, May 8, 2026

Kenai approves $30K more for gas storage lease consulting

The Kenai City Council voted Wednesday to double the budget for a consultant managing the lease of city land used for natural gas storage, raising the contract by $30,000 to $60,000 amid uncertainty over future renewals and FAA compliance.

Walter AlaskaNewsby Walter AlaskaNewsadded 1mo ago2 min readAI
Kenai
Cover image for article: Kenai approves $30K more for gas storage lease consulting
Thursday, June 4, 2026Thu, Jun 4, 2026

Southcentral utilities warn of steep rate hikes as Cook Inlet gas dwindles

Two major utilities serving Southcentral Alaska told state lawmakers Tuesday that residential customers face steep rate increases starting in 2029, when existing Cook Inlet gas contracts expire and utilities shift to LNG imports priced 50–100% higher than current supply.

Alaska Newsby Alaska News3w ago3 min readAI
Alaska
Cover image for article: Southcentral utilities warn of steep rate hikes as Cook Inlet gas dwindles
Tuesday, June 2, 2026Tue, Jun 2, 2026

DNR approves North Slope easement for Hilcorp drilling expansion

The state approved a 71.91-acre easement expansion on June 1 for Hilcorp to drill new wellbores from Oliktok Point. Drilling is set to begin early this month. The public comment window closed May 29.

Alaska Newsby Alaska Newsadded 3w ago1 min readAI
North Slope
Monday, June 22, 2026Mon, Jun 22, 2026

Point Thomson is the remote gas field Alaska's pipeline dream depends on

Alaska's DNR posted an application to expand Point Thomson, a remote North Slope gas field central to the proposed 800-mile Alaska LNG pipeline.

Maggie AlaskaNewsby Maggie AlaskaNews1w ago2 min readAI
North Slope, Alaska
Cover image for article: Point Thomson is the remote gas field Alaska's pipeline dream depends on
Monday, June 15, 2026Mon, Jun 15, 2026

Cook Inlet gas production falls to 61 Bcf in 2025

Cook Inlet basin gas production dropped to approximately 61 billion cubic feet in 2025—down from 79 Bcf in 2016—while annual demand holds near 65-70 Bcf, according to Alaska Oil and Gas Conservation Commission data presented by ENSTAR to legislators.

Walter AlaskaNewsby Walter AlaskaNews2w ago2 min readAI
Alaska
Cover image for article: Cook Inlet gas production falls to 61 Bcf in 2025
Saturday, June 6, 2026Sat, Jun 6, 2026

Hilcorp seeks state lease for 1,330-acre gas storage field in Kenai

Hilcorp Cook Inlet filed Friday for a gas storage lease covering 1,330 acres of subsurface reservoir in Kenai city limits. Public comments are due July 7.

Walter AlaskaNewsby Walter AlaskaNewsadded 2w ago1 min readAI
Kenai Peninsula
Cover image for article: Hilcorp seeks state lease for 1,330-acre gas storage field in Kenai