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Site icon Radio Kenai

Investment the Key to Gas Turnaround

KSRM News Desk

We’ve heard that there are plenty of untapped oil and gas reserves in the Cook Inlet basin, but just two years ago there was a projected natural gas shortfall.

 

Paul Decker, Acting Director of the Division of Oil and Gas, said all it took was a little initiative…

 

https://radiokenai.net/wp-content/uploads/2015/01/decker-on-investment.mp3?_=1

Decker: “I would attribute that entirely to additional investment in developing the gas in existing fields, as well as exploring for gas that had not been discovered a few years ago.”

 

Younger, more aggressive companies have been taking the risk of investing in old wells and searching for new sources…

 

https://radiokenai.net/wp-content/uploads/2015/01/decker-on-hilcorp.mp3?_=2

Decker: “Hilcorp’s acquisition of Marathon’s assets, as well as the Chevron and Unocal assets, all under one producing umbrella, one company, really contributed to efficiencies and a desire to make things happen.”

 

Hilcorp, BlueCrest, and Furie were celebrated at last week’s Industry Outlook Forum as the pioneers in a new age of Cook Inlet exploration.

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