Calgary Herald by Dan Healing. The Montney resource play that has sparked several recent takeover bids is the driver behind a $258-million all-stock bid by Tourmaline Oil Corp. for private Huron Energy Corp.
Alaska House of Representatives Natural Resources Press Office: Obama Administration American Energy Roadblocks Part 2: Hydraulic Fracturing on Federal Lands
Our friend, Brad Keithley (NGP Photo) alerts readers of his blog: In addition to the 59 legislative races that have been — and will continue to be — widely discussed between now and election day, there also are two statewide measures that will appear on the election day ballot. One is the question, required by the Alaska Constitution to be included on the ballot every ten years, of whether there shall be a new Constitutional Convention called. The second is “Bonding Proposition A,” which asks the question “Shall the State of Alaska issue its general obligation bonds in the principal amount of not more than $453,499,200 for the purpose of paying the cost of state transportation projects?” I intend to vote “no” on Bonding Proposition A.
Alaska Dispatch by Van Williams. “Frankly, it was a third-class baseball field,” said Sen. Bert Stedman (NGP Photo) of Sitka. “Some of us thought it was appalling.”
So he stepped up the plate and hit a home run with the development of new Moller Field, the only all-turf field in Alaska.
Stedman was the MVP of the multimillion-dollar project, identifying the need for a new turf field, driving home the point with other legislative leaders and securing the funding through the capital budget.
(Commentary: Keithley is right and we will be joining him with our 'no' vote. New readers can scroll down to our editorial yesterday and likely agree that Alaska has more of a 'spending problem' than a 'tax problem'. While the latter runs a close second in importance the former attracts almost no attention. This is because attacks on government spending -- even frivolous spending -- seldom accrue to the specific economic gain of any one special interest. Bloating the budget, project by project attracts a withering array of aggressive forces to the army of lobbyists. In a democracy, it is almost impossible for even the stoutest fiscal conservatives to face that onslaught head-on. Likewise, it is egotistically and politically rewarding to bask in glory at the head of the Army, when it marches through city streets announcing large budgets for great projects. Ballot spending initiatives, are one small way in which citizens can, in the privacy of that aluminum voting booth, take a stand against the tsunami tide of uncontrolled spending and government growth. -dh)
Here is Dan Fagan's Important "Alaska Under Siege" Production!
Here is how Houston Celebrated 'Energy Day' last Saturday!
Murkowski Discusses Alaska Natural Gas “Window of Opportunity” with Producers
HOUSTON, TEXAS – U.S. Senator Lisa Murkowski, R-Alaska, met this week with executives from the North Slope’s three major producers to discuss the current state of plans and next steps for a liquefied natural gas (LNG) project for commercializing Alaska’s gas resources.
“I wanted to hear directly from the companies about where they are in the planning and design process, and what they see as the next step to advance the project,” Murkowski said.
Murkowski said she was encouraged by the level of cooperation that now seems to exist between Exxon Mobil, ConocoPhillips, and BP around a single export project to monetize the North Slope’s 35 trillion cubic feet of natural gas.
Monday’s meeting included Lamar McKay, chairman and president of BP America; John Minge, president of BP Exploration Alaska; Matt Fox, executive vice president of exploration and production for ConocoPhillips; and Rich Kruger, president of Exxon Mobil Production Co.
The biggest hurdle facing the project, according to the producers, is the uncertainty of Alaska’s fiscal regime, an issue they have repeatedly testified about before the Alaska State Legislature.
Murkowski said it’s important that Alaska price its gas competitively in the world market to ensure development of a project that’s estimated to cost as much as $65 billion. But she also pressed the executives of all three companies on the importance of moving quickly to seize the opportunity to ship Alaska gas to the energy hungry markets of Japan, South Korea and the rest of the Pacific Rim.
“Alaskans have waited for four decades to see some benefit from their North Slope gas. While Lower 48 markets may be oversupplied because of the shale boom, places like Japan and South Korea are willing to pay a premium for long-term supply contracts,” Murkowski said. “But that window of opportunity will not remain open indefinitely.”
Murkowski continues to promote the development of Alaska’s North Slope gas reserves as the state’s senior U.S. senator and as the top Republican on the Senate Energy and Natural Resources Committee. Over the past year, Murkowski has held a number of meetings with Japanese and South Korean officials to discuss the benefits of a securing a long-term supply of gas from Alaska. This summer, she brought her Senate Energy Committee colleagues, Sen. Ron Wyden, D-Or., and Sen. John Hoeven, R-N.D., to the state on separate trips to show them Alaska’s vast energy resources.
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