From Hellenic Shipping News Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states. Chief among the technologies being used are advanced 3-D seismic and new data processing techniques, to define and map oil deposits in
Demand could outpace supply by 225 billion barrels by the end of this decade “You all have been steeping in unconventionals. It truly has been a revolution, but I want to provide something different for you today,” Bill Armstrong, president and CEO of Armstrong Oil & Gas, said to the audience at EnerCom’s The Oil & Gas Conference Monday in Denver,
Repsol Sells Portion of Interest, Dials Back Development Plans Armstrong Oil & Gas, a private exploration and production company headquartered in Denver, Colorado, is backing up its optimism for hydrocarbon production in Alaska. On October 13, 2015, the company increased its stake in the Colville River Delta region on Alaska’s North Slope for total consideration of more than $800 million.
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