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Start of production: December 13, 1981: Peak of production: 322,000 barrels per day (~1.60 × 10 ^ 7 t/a) Peak year: 1992: Production; Current production of oil: 71,021 barrels per day (~3.539 × 10 ^ 6 t/a) Year of current production of oil: 2019: Estimated oil in place: 6,000 million barrels (~8.2 × 10 ^ 8 t) Producing formations: Kuparuk ...
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope.It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3) of oil. [1]
In a report compiled by the government of Alaska, the real GDP of Alaska was $51.1 billion in 2011, $52.9 billion in 2012 and $51.5 billion in 2013.The drop-off that occurred between 2012 and 2013 has been attributed to the decline in the mining sector, specifically the oil and gas sectors, a consequence of declined production.
In the Annual Energy Outlook crude type estimates, all Alaska and Gulf of Mexico oil production is assumed to be API gravity 27-35 degrees and medium sour. Northeast crude oil production consists of approximately 30% API 27-35 medium-sour and 60% API 35-40 sour. The residual production is API 35-40 sweet.
The order, titled "Unleashing Alaska's Extraordinary Resource Potential," seeks to open to oil and gas drilling an area of the Arctic National Wildlife Refuge that is considered sacred to the ...
Map of Producing fields in Alaska North Slope. The Alaskan North Slope is one of the most prolific oil producing basins in North America. It dominates the Arctic in oil production with about 15 billion barrels produced, 12 billion barrels coming from the Prudhoe Bay field. [2]
The U.S. has been producing 13.2 million barrels of crude oil per day, according to the Energy Information Administration. That's higher than the record of 13 million set under President Donald ...
Nov. 30—When it comes to the future of Alaska natural gas production, now is the winter of our discontent. Despite widespread consternation over the prospect of having to import gas produced ...