Tim Bradner

  • ConocoPhillips is getting out of the natural gas production business in Cook Inlet. The company has put its inlet gas assets up for sale and plans to open a data room for prospective buyers. However, the company’s liquefied natural gas plant at Nikiski is not included in the assets for sale, compa...

    Thu, 07/30/2015 - 9:40am
  • Alaska’s oil and gas explorer and small producer tax credit program has been capped for this year but the program is still on the books and applications for credits are still being accepted, state Revenue Commissioner Randy Hoffbeck said. There is $500 million in the budget for the program and tha...

    Thu, 07/16/2015 - 10:08am
  • Gov. Bill Walker vetoed $200 million in funding for oil exploration and development tax credits in a budget action on June 30, in effect capping the program at $500 million for state fiscal year 2016 that began July 1. The program was previously budgeted at $700 million. “This has been a tough bud...

    Thu, 07/09/2015 - 10:09am
  • Hilcorp Alaska will purchase XTO Energy assets in the Middle Ground Shoal of Cook Inlet and is also studying a possible restart of a shut-in platform in the field. Two oil-producing platforms, tank facilities and an office and support facilities at Nikiski, near Kenai, are included in the purchase d...

    Thu, 07/09/2015 - 10:05am
  • The state-owned Alaska Gasline Development Corp. has developed preliminary designs for “offtake” facilities that would allow communities to take natural gas from a large-diameter gas pipeline, if one were built. The designs were presented to AGDC’s board of directors at its June 11 meeting....

    Thu, 06/18/2015 - 8:35am
  • Bidding was modest in the state’s annual Cook Inlet areawide lease sale held May 7, a symptom of low crude oil prices and a limited regional market for natural gas. The state Division of Oil and Gas auctioned seven oil and gas leases May 7 to three companies. Hilcorp Energy LLC and AIX Energy LLC,...

    Thu, 05/14/2015 - 10:30am
  • The Alaska Industrial Development and Export Authority has given approval for a $30-million financing package that will allow BlueCrest Energy to begin drilling and development at its Cosmopolitan offshore oil project in Cook Inlet. BlueCrest will have construction of onshore facilities under way in...

    Thu, 05/14/2015 - 10:28am
  • After a session spent dueling with Gov. Bill Walker over his plan to spend $85 million in state funds to increase the size of a state-led natural gas pipeline, and Walker’s veto of a bill stopping him from spending the money, the Legislature may have gotten the final word. In their final budget ac...

    Wed, 05/06/2015 - 2:14pm
  • Two consultants to the state Legislature have warned that Gov. Bill Walker’s quest for an expanded state-led natural gas pipeline could undermine the larger industry-led gas project in which the state also is a partner. “The state and its commitment has become a major risk factor for the Alaska ...

    Wed, 04/29/2015 - 11:11am
  • Alaska’s current budget crisis can easily be blamed on the plunge in oil prices, which are less than half what they were nine months ago, but some responsibility should be laid at the door of the state’s citizens, who are largely disconnected from state spending decisions — except to spend mor...

    Wed, 04/08/2015 - 10:47am

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Lupin bloom at the head of the bay

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