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Oil & Gas

Oil and gas in Alaska is the state's petroleum and natural gas industry, from North Slope production to Cook Inlet gas fields and the pipelines that move it. It covers North Slope and Cook Inlet production, pipelines like TAPS, and the tax and leasing debates around Alaska LNG.

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Week of Jun 22

A leaked plan to fire Alaska's gas-line developer surfaces in Juneau

A "stolen" state document laying out how Alaska could fire Glenfarne from its $44B gas line leaked — and the developer says it's now wondering whether Alaska can keep a secret.

Walter AlaskaNewsby Walter AlaskaNews4mo ago3 min read
Cover image for article: A leaked plan to fire Alaska's gas-line developer surfaces in Juneau

A pass-through tax, not the pipeline, is the real fight in Juneau

A conference committee spent two days on Alaska's $44B gas line, and the sharpest fight was over a pass-through tax on Hilcorp that doesn't need the pipeline to exist.

Walter AlaskaNewsby Walter AlaskaNewsadded 4mo ago3 min read
Cover image for article: A pass-through tax, not the pipeline, is the real fight in Juneau

Kenai's quiet stake in the gas-line bill

Only Kenai Borough's school-funding bill changes under the gas-line tax legislation — but the state's own modeling says the increase might sunset before it ever lands.

Walter AlaskaNewsby Walter AlaskaNewsadded 4mo ago2 min read
Cover image for article: Kenai's quiet stake in the gas-line bill

The number that quietly sets the state budget: a barrel of oil

Alaska's budget is a bet on oil — and the state's own forecast is banking on crude leaping to $91 a barrel by summer, so "coming out ahead" rides on a guess, not a high price.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: The number that quietly sets the state budget: a barrel of oil

A Florida company wants to expand a big offshore oil unit on the edge of ANWR

A Florida company wants to expand an offshore oil unit on the edge of ANWR — and the state tagged it "approved" before comments even opened. Weigh in by July 21.

Maggie AlaskaNewsby Maggie AlaskaNews4mo ago2 min readFrom
Cover image for article: A Florida company wants to expand a big offshore oil unit on the edge of ANWR

Tom Begich goes after Dunleavy over vocational-training vetoes

Begich is hammering Dunleavy for vetoing job-training money while the state promises a pipeline built by Alaskans — a rare direct shot at the governor from the campaign trail.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: Tom Begich goes after Dunleavy over vocational-training vetoes

What APA's ice-road permit signals for the eastern North Slope

A state notice for "ice construction and off-road travel" sounds dull — until you notice it's APA Corp staging a winter drilling run on the eastern North Slope.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: What APA's ice-road permit signals for the eastern North Slope

The EPA's No. 2 told Alaska's resource industry the door is open — for now

The EPA's deputy came to Anchorage to tell the resource industry the feds are clearing the way — and the message from the room was: hurry, before the politics flip.

Melinda Communities.Newsby Melinda Communities.News4mo ago2 min read
Alaska
Cover image for article: The EPA's No. 2 told Alaska's resource industry the door is open — for now

More from Oil & Gas

North Slope, Fairbanks, Valdez sue over pipeline tax values

Three Alaska municipalities sued June 22 over how pipeline companies value their assets for local taxes, challenging assessments that affect borough and city revenue.

Walter AlaskaNewsby Walter AlaskaNewsadded 4mo ago2 min read
Alaska
Cover image for article: North Slope, Fairbanks, Valdez sue over pipeline tax values

Federal regulators renew HEX authorization for Cook Inlet marine-mammal harassment

Federal regulators renewed HEX Operating's permit to incidentally harass marine mammals during natural gas work in Cook Inlet through September 2027.

Walter AlaskaNewsby Walter AlaskaNews4mo ago1 min read
Cover image for article: Federal regulators renew HEX authorization for Cook Inlet marine-mammal harassment

Hilcorp wants five years to drive across North Slope subsistence land

A company wants 5 years to drive industrial rigs across North Slope tundra people hunt on. The real fight is who sets the rules, and when.

Bill AlaskaNewsby Bill AlaskaNews4mo ago2 min read
Cover image for article: Hilcorp wants five years to drive across North Slope subsistence land

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

You know Prudhoe Bay. You probably don't know Point Thomson — the remote, pricey field Alaska's whole pipeline dream quietly leans on. And it's stirring.

Maggie AlaskaNewsby Maggie AlaskaNews4mo ago2 min read
Cover image for article: Point Thomson is the remote gas field Alaska's pipeline dream depends on

The $16 Gas Promise Comes With Fine Print

The gas line's headline $16 price is firm — until you notice it's quoted in the wrong unit, climbs with inflation before any gas arrives, and gets policed by a commission missing half its top staff.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: The $16 Gas Promise Comes With Fine Print

Week of Jun 15

Alaska's LNG tax break now hinges on a gas line to Fairbanks

Alaska's LNG tax break now has a price: $80M, a labor deal, and a Fairbanks spur line before Glenfarne sees any relief.

Walter AlaskaNewsby Walter AlaskaNews4mo ago1 min read
Cover image for article: Alaska's LNG tax break now hinges on a gas line to Fairbanks

What the Senate Changed in the Gas-Line Deal

The Senate's gas-line rewrite caps your gas price, leashes the state's pipeline agency, and lets the boroughs pocket most of the tax money for decades before the state takes its cut.

Walter AlaskaNewsby Walter AlaskaNews4mo ago3 min read
Cover image for article: What the Senate Changed in the Gas-Line Deal

NMFS issues renewal IHA to HEX Operating for Cook Inlet natural gas activities

Federal regulators renewed a permit letting HEX Operating produce natural gas in Cook Inlet while monitoring disturbance to beluga whales and other marine mammals that share the inlet.

Maggie AlaskaNewsby Maggie AlaskaNews4mo ago2 min read
Cover image for article: NMFS issues renewal IHA to HEX Operating for Cook Inlet natural gas activities

About Oil & Gas

Oil and gas in Alaska takes in the exploration, production and transport of petroleum and natural gas, from the North Slope fields around Prudhoe Bay to the platforms and gas fields of Cook Inlet. It also takes in the Trans-Alaska Pipeline System and the Alaska LNG project to move North Slope gas.

State leasing, exploration and drilling approvals, and federal rules for the National Petroleum Reserve and the Arctic refuge's 1002 Area shape where companies can work. Operators such as Hilcorp and ConocoPhillips need permits for ice roads, gravel mines, air emissions and wetland fill. Whether Cook Inlet gas can keep supplying Southcentral homes and utilities is a recurring question, along with gas storage and the financing of Alaska LNG.

The industry connects to state bodies such as the state gasline corporation and AIDEA, and to utilities that buy gas, such as ENSTAR and Matanuska Electric. North Slope communities such as Kaktovik seek a voice in development decisions near them.

More from Oil & Gas

A union-labor fight is breaking out over who builds Alaska's gas line

Alaska's forever-promised gas line finally has a fight worth watching — a union-labor mandate, a governor hopeful crying foul, and no one's seen the actual text.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: A union-labor fight is breaking out over who builds Alaska's gas line

AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents

AIDEA put $190M behind ANWR seismic and lease bidding. Kaktovik — the only community inside the refuge — strongly supported it.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Arctic National Wildlife Refuge, Alaska
Cover image for article: AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents

Alaska Senate digs in on gas tax bill, sends it to conference

Alaska Senate refused to back down on HB 381, sending the natural gas pipeline tax bill to a conference committee to resolve how to tax the Alaska LNG Project and fund municipalities and schools.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: Alaska Senate digs in on gas tax bill, sends it to conference

Alaska House recesses 10 days as gas line conference committee begins

We all know they're trying, but they very well may be intending for different outcomes when it comes to Alaska's LNG.

Walter AlaskaNewsby Walter AlaskaNews4mo ago4 min read
Cover image for article: Alaska House recesses 10 days as gas line conference committee begins

Alaska Senate passes S-corp LNG tax with 2028 effective date

Alaska Senate passed a tax on oil and gas pass-through entities, effective 2028, after rejecting an immediate start date. The state estimates the tax will recover more than $400 million annually once the LNG project reaches full production.

Walter AlaskaNewsby Walter AlaskaNews4mo ago3 min read
Cover image for article: Alaska Senate passes S-corp LNG tax with 2028 effective date

Senate passes gas-line bill; Dunleavy immediately calls lawmakers back to rewrite it

Special session concludes without passage of a gasline bill, and now the question is if this is an end to negotiations or if they'll continue tomorrow. The Governor thinks they're close.

Cale Greenby Cale Green4mo ago3 min read
Cover image for article: Senate passes gas-line bill; Dunleavy immediately calls lawmakers back to rewrite it

Dunleavy called a second special session over the unresolved LNG tax bill

Long Friday in Juneau: LNG tax bill stuck, second special session called, two vetoes overridden, three failed. Round three starts Saturday.

Walter AlaskaNewsby Walter AlaskaNews4mo ago3 min readFrom
Cover image for article: Dunleavy called a second special session over the unresolved LNG tax bill

Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract

Chugach and Glenfarne signed a non-binding letter of intent. The pipeline still hasn't broken ground. One of many Chugach hedges.

Maggie AlaskaNewsby Maggie AlaskaNewsadded 4mo ago2 min read
Southcentral Alaska
Cover image for article: Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract

Alaska Senate minority demands clean floor vote on LNG tax bill

Alaska Senate Republicans demanded a floor vote on HB 381, the LNG volumetric tax bill, without amendments. • The majority has not said whether it will attach an S-corporation tax provision the minority opposes. • Minority senators cited lower energy costs as the project's main public benefit for Alaskans.

Walter AlaskaNewsby Walter AlaskaNews4mo ago2 min read
Cover image for article: Alaska Senate minority demands clean floor vote on LNG tax bill

Chugach is pursuing four hydroelectric projects to hedge against Cook Inlet gas decline

Chugach's gas-to-renewables shift has its first concrete entries: four hydro projects on four Southcentral creeks, 52 MW total.

Walter AlaskaNewsby Walter AlaskaNewsadded 4mo ago2 min read
Southcentral Alaska
Cover image for article: Chugach is pursuing four hydroelectric projects to hedge against Cook Inlet gas decline

Alaska's biggest utility may start importing the gas its own region once exported

Then on the sixth day, god said: "Let there be LNG" And it was goooooood

Bill AlaskaNewsby Bill AlaskaNewsadded 4mo ago2 min read
Cover image for article: Alaska's biggest utility may start importing the gas its own region once exported

Alyeska Seeks Land to Armor the Pipeline Against Floods

Alyeska wants more North Slope land to wall the pipeline off from flooding — the same week the rivers are rising, and a year after the Sag took out the Dalton Highway for real.

Maggie AlaskaNewsby Maggie AlaskaNews4mo ago2 min read
Cover image for article: Alyeska Seeks Land to Armor the Pipeline Against Floods

Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates

Senate Finance gets into the numbers of the LNG line in a hot and spicy day of meetings

Walter AlaskaNewsby Walter AlaskaNews4mo ago3 min read
Cover image for article: Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates

Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote

Senator Stedman blocked a vote on a $750 million annual tax break for Alaska LNG's Phase 1 pipeline until the Department of Revenue shows whether the project actually needs the 2-mill property tax cut to work financially.

Walter AlaskaNewsby Walter AlaskaNews5mo ago2 min read
Cover image for article: Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote

Week of Jun 8

Alaska regulators say gas-line oversight hinges on federal decision

Federal regulators claim exclusive authority over Alaska's proposed North Slope gas pipeline, blocking state oversight of ratepayer costs. • The project's split into in-state and export phases may give Alaska regulators a limited role if federal jurisdiction is revisited. • Lead developer Glenfarne is targeting a final investment decision this year and first gas by 2029.

Walter AlaskaNewsby Walter AlaskaNewsadded 5mo ago2 min read
Alaska
Cover image for article: Alaska regulators say gas-line oversight hinges on federal decision

Cook Inlet gas production falls to 61 Bcf in 2025

Cook Inlet gas production fell to 61 billion cubic feet in 2025, matching annual regional demand with no winter cushion. • Daily output of 200 million cubic feet falls short of peak winter demand of 320 million cubic feet per day. • Hilcorp has drilled 192 wells since 2012 and spent $1.5 billion just to hold production steady as individual wells decline 30 to 40 percent annually. • Utilities are developing LNG import terminals to fill the gap, targeting first imports in 2027 to 2029.

Walter AlaskaNewsby Walter AlaskaNews5mo ago2 min readFrom
Alaska
Cover image for article: Cook Inlet gas production falls to 61 Bcf in 2025

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

Hilcorp filed Friday for a state lease to store natural gas in 1,330 acres of subsurface rock beneath Kenai, with public comments due July 7.

Walter AlaskaNewsby Walter AlaskaNewsadded 5mo ago1 min read
Kenai Peninsula
Cover image for article: Hilcorp seeks state lease for 1,330-acre gas storage field in Kenai

Alaska Building Trades, LNG subsidiary sign worker hiring pact

8 Star Alaska, a Glenfarre LNG subsidiary, signed a hiring agreement with Alaska Building Trades Councils on June 11 to prioritize Alaska workers for the 800-mile pipeline and LNG terminal. • The Alaska Legislature is considering House Bill 381 to cut project taxes and cap gas prices at $16 per unit for state utilities.

Maggie AlaskaNewsby Maggie AlaskaNews5mo ago1 min read
Alaska
Cover image for article: Alaska Building Trades, LNG subsidiary sign worker hiring pact

Alaska House passes new tax structure for Alaska LNG pipeline aimed at attracting investors

The Alaska House just passed the latest tax framework meant to finally install the LNG pipeline. Next, the Senate. Maybe. Pipeline still pending.

Walter AlaskaNewsby Walter AlaskaNews5mo ago3 min read
Cover image for article: Alaska House passes new tax structure for Alaska LNG pipeline aimed at attracting investors

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

Hilcorp and ENSTAR filed competing applications to convert the depleted Kenai Loop gas field into storage, forcing the state to choose between them as Cook Inlet's gas production falls 60 percent short of winter demand for Southcentral Alaska.

Bill AlaskaNewsby Bill AlaskaNewsadded 5mo ago2 min read
Alaska
Cover image for article: Two firms seek competing gas-storage leases at Kenai Loop field

House Finance advances Alaska LNG tax bill, curtailing North Slope's power to negotiate

House Finance advanced Alaska LNG tax bill Wednesday: 13 cents, no side deals, double the impact fund to $80m

Walter AlaskaNewsby Walter AlaskaNews5mo ago3 min read
Cover image for article: House Finance advances Alaska LNG tax bill, curtailing North Slope's power to negotiate

Fairbanks spur line language added to Alaska LNG tax bill

Fairbanks North Star Borough secured a requirement for a gas spur line in the state LNG tax bill. Developers must build the spur to access tax breaks. Costs will spread across Railbelt users to keep rates affordable for 3500 local customers.

Walter AlaskaNewsby Walter AlaskaNews5mo ago2 min read
Juneau
Cover image for article: Fairbanks spur line language added to Alaska LNG tax bill

Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale

Enstar Natural Gas loses its main Cook Inlet gas supplier in 2033 when Hilcorp's contract expires, and no other producer can match Hilcorp's drilling scale, leaving Southcentral facing a supply gap unless a North Slope pipeline delivers gas by then.

Bill AlaskaNewsby Bill AlaskaNews5mo ago2 min read
Cover image for article: Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale