Cook Inlet and North Slope operator — acquired BP's Alaska assets in 2020. Prudhoe Bay, Milne Point, Cook Inlet gas.
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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
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
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
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
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
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
A Hilcorp gravel-mine permit reflects the North Slope's expanding oil footprint
A U.S. Army Corps of Engineers public notice describes Hilcorp Alaska's proposal for a new North Slope gravel mine called Put 29 and a 1,000-foot access road off the road to Drillsite 15. Written comments are due Aug. 18.
by Maggie AlaskaNews1w ago2 min readAI
Hilcorp says opposing the tax isn't opposing the gas line
Hilcorp senior vice president Luke Sargey told the Alaska Gas Line Caucus on Thursday that the company opposes a targeted income tax on Hilcorp, not the gas line, while Glenfarne and business groups urged lawmakers to pass the property tax bill without added taxes.
by Walter AlaskaNews1w ago3 min readAI
DEC issues proposed final APDES permit for Hilcorp's Prudhoe Bay discharge
The Alaska Department of Environmental Conservation issued a proposed final APDES permit authorizing Hilcorp Alaska to discharge up to 12.4 million gallons of seawater backwash daily into Stefansson Sound. The permittee has until July 24 to review the proposed permit; public comments closed July 10.
by Maggie AlaskaNews3w ago2 min readAI
Mat-Su power bills climb as Alaska's energy squeeze bites
Matanuska Electric Association's Cost of Power Adjustment rises from $0.07879 to $0.10195 per kWh starting Q3 2026, pushing the typical residential bill up about $14.53 a month. A colder-than-expected spring, Railbelt maintenance outages, and new Hilcorp gas storage fees drove the increase.
by Walter AlaskaNews1mo ago1 min readAI
Hilcorp seeks 50 megawatts of new power at Milne Point
Hilcorp has asked Alaska regulators to approve three 16,530-kilowatt turbines at Milne Point's Z Pad, roughly 50 megawatts of new North Slope power generation.
by Walter AlaskaNews3w ago1 min readAI
Freezing rain possible at Kaktovik and Point Thomson through Wednesday night
The National Weather Service Fairbanks warned Tuesday of a mid-July icing event along the Beaufort Sea Coast, with temperatures dropping into the lower 30s and light freezing rain possible through Tuesday night before conditions improve Thursday.
by Maggie AlaskaNews1mo ago1 min readAI
The $100 million question inside Alaska's gas-line bill
Alaska lawmakers are deciding whether to close the "S-corporation loophole" that lets Hilcorp avoid corporate income tax — a fight over fairness, revenue, and Cook Inlet's gas supply.
by Walter AlaskaNews1mo ago2 min readAI
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.
by Walter AlaskaNews2mo ago2 min readAI
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.
by Maggie AlaskaNews1mo ago2 min readAI
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.
by Alaska News2mo ago3 min readAI
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.
by Alaska Newsadded 2mo ago1 min readAIHilcorp 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.
by Bill AlaskaNews1mo ago2 min readAI
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.
by Alaska News2mo ago2 min readAI
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.
by Bill AlaskaNewsadded 2mo ago2 min readAI
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.
by Alaska News2mo ago3 min readAI
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.
by Alaska Newsadded 4mo ago2 min readAIHilcorp 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.
by Walter AlaskaNewsadded 2mo ago1 min readAI
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.
by Alaska News2mo ago2 min readAI
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.
by Walter AlaskaNewsadded 2mo ago2 min readAI
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.
by Alaska Newsadded 2mo ago1 min readAICook 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.
by Walter AlaskaNews2mo ago2 min readAI
ENSTAR says Cook Inlet output has fallen to a fifth of its 1990s peak, with its firm contract ending in 2033
At a Commonwealth North forum in Anchorage on Friday, June 5, ENSTAR president John Sims said Cook Inlet now produces 60 to 70 billion cubic feet a year, down from more than 300 Bcf at its early-1990s peak, and that the firm Hilcorp contract carrying Southcentral expires in 2033.
by Bill AlaskaNewsadded 1w ago3 min readAI