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Hilcorp Alaska and HEX Cook Inlet were the two bidders in a royalty-free lease sale that state officials hoped would incentivize production in the inlet. It described the outcome of the sale as "promising."
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In a new five-year plan, the Biden Administration will sell the fewest offshore leases in history, and none in Alaskan waters. The last Cook Inlet federal lease sale, in 2022, drew only one bidder.
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Hilcorp applied in early February to drill three new wells on the Paxton and Pearl Pads in Ninilchik following the discovery of more gas in the area.
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While gas prices across the nation have been steadily decreasing since they peaked mid-June, Alaska drivers The statewide average is still $5.21 today. In Kenai, most gas stations are advertising around $5.55.
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The big news from Hilcorp these days is its $5.6 billion bid to buy BP out of Alaska, but not all its focus is on the North Slope. Cook Inlet still plays…
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A Central Kenai Peninsula League of Women Voters forum Thursday night in Soldotna gave supporters and opponents of Ballot Measure 1 a chance to explain…
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By and large, kids have little direct impact on the economy. Oh sure, Mom and Dad spend a lot on them, but with little disposable income of their own,…
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This week, on Econ 919, Kenai Peninsula Borough Mayor Charlie Pierce has been touting his plan to cover the borough’s $4 million-plus deficit this year…
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The city of Kenai is looking to grow its economic base. That begins with one of the city’s more abundant resources — land. Shaylon Cochran has more on the…
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The state Legislature gavels in amid hopes that increasing oil prices and TAPS line throughput can help quell the state's budget mess, while Hilcorp has…