Oil flowing at new site within petroleum reserve in Alaska [Reuters]
ConocoPhillips (COP)
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Source: Reuters
Oil flowing at new site within petroleum reserve in Alaska | Reuters 2 Min Read ANCHORAGE, Alaska (Reuters) - Oil is flowing from a drill site in what is now the farthest-west producing site on Alaska’s North Slope, ConocoPhillips Alaska Inc said on Tuesday. Production at Greater Mooses Tooth 1, a prospect on the western edge of existing Arctic Alaska oil development, started last Friday, ConocoPhillips said. Production at GMT 1 is expected to peak at 25,000 to 30,000 barrels a day, the company said. It is the second producing oil field within the borders of the National Petroleum Reserve in Alaska, or NPR-A, a vast federal land unit on the western side of the North Slope. “This is another milestone for development in the NPR-A,” Joe Marushack, president of ConocoPhillips Alaska, said in a statement. Oil from GMT 1 is being sent by pipeline east for processing at the ConocoPhillips-operated Alpine field. That oil is then shipped by pipeline to Prudhoe Bay about 50 miles to the east, t
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News
- Biden Thwarts Oil Drilling Across Alaska's Petroleum Reserve [Yahoo! Finance]Yahoo! Finance
- Biden Thwarts Oil Drilling Across Alaska's Petroleum Reserve [BNN Bloomberg (Canada)]BNN Bloomberg
- US restricts drilling and mining in Alaska wilderness, angering state leaders [Reuters]Reuters
- Here's Why ConocoPhillips (COP) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Elliott mulls Citgo bid; creditor group seeks ConocoPhillips for separate offer - Reuters [Seeking Alpha]Seeking Alpha
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