Q .....
- As one old oil patch veteran told some of us once, Alaska is walking "The Valley of the Shadow of Death"; w/r to crude oil production. Throughput through the pipeline is slowly decreasing, and Cook Inlet is currently mostly irrelevant. There is nothing new coming online afa I know until Willow in 2029.
- Otoh AK is a large state, compared to Texas relatively unexplored and undrilled.
- Lead times, in particular on the North Slope, are long. Really long. First battle is in the courts, which can really drag out. Next battle is financing, which for these smaller finds, can be troublesome.
- There has been a thot that at around 300,000 BPD the North Slope and the Pipeline (TAPS) becomes uneconomic, and there could at that point be some technical issues with pipeline operation (at those low flow rates). It was designed for a max flow of 2 million BPD max, and well issues come up at the low flow rates.
In the 1980's I did a lot of work in The Permian. Some on crude pumping, mostly however in gas compression work. I thot it was a declining, semi played out area, look at it now. Pretty amazing turn around.
We C. Time will show, but it will take a while, for sure.
Lot of state budget problems up here now. I suspect they will rob us of some of our PFD this year, to help out. In fact I looked it up, I guess we will get 1,000 dollars this year. Last year it was 1,702.
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