Hilcorp

Alaskan oil is entering a renaissance driven by a predicted 13% upswing in 2026 production, the largest since the 1980s, and a possible reboot of LNG exports to Asia from the Kenai Peninsula, supplied via pipeline from the North Slope.

The $1-billion carbon capture project in Texas is revived after a 3-year hiatus.

The future of the heavy-oil business in Alaska looks more promising than ever after a 2-year pilot delivers technical and economic success.

The deal follows BP’s divestment of its global petrochemicals business in late June.

The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips.

The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore.

Well fires look all consuming, but proving they burn all the oil without leaving a spill behind required the efforts of Boots Coots plus a rocket scientist and a lot of high powered computer equipment.