INSIDE ALASKA BUSINESS

ConocoPhillips Alaska

Production has begun at another satellite of ConocoPhillips’ Alpine field. The company announced in May that crude began flowing from Fiord West Kuparuk in the Colville River Unit on state land just east of the National Petroleum Reserve – Alaska. Doyon Drilling’s rig, nicknamed “The Beast,” set a record for extended-reach drilling of 35,526 feet when it drilled the well a month earlier. The company estimates peak output of 20,000 barrels per day. alaska.conocophillips.com

Peach Holdings

Long-planned redevelopment for Block 41 in downtown Anchorage is underway. Peach Holdings, which owns the 4th Avenue Theater and most of the adjacent properties, obtained permits for demolition this summer. Plans call for a $200 million, multi-use complex. Peach Holdings pledges to reconstruct the historic exterior of the 4th Avenue Theater using modern materials while also preserving the interior artwork.

Perkins&Will

Providence Alaska

Construction is underway on permanent supportive housing for homeless elders in Anchorage. Providence Alaska donated a vacant lot in Midtown across the street from its St. Elias Specialty Hospital. When completed in August 2023, Providence Alaska House will have studio apartments for fifty-one residents, plus on-site wrap-around services. Southcentral Foundation and Cook Inlet Tribal Council will operate the facility, largely funded by state and federal grants. The project is part of the Anchored Home strategic plan to solve homelessness in the city. providence.org

Stantec

The US Army Corps of Engineers – Alaska District selected Stantec to provide architecture and engineering design services for a five-year civil works contract. The $18 million contract covers village relocation, storm protection, and ecosystem restoration. Stantec—based in Edmonton, Alberta and with offices in Anchorage, Wasilla, and Fairbanks— recently completed the Buskin Waterline Replacement for the US Coast Guard’s Kodiak Station. stantec.com

Chugach Electric Association

The Regulatory Commission of Alaska approved a proposal by Chugach Electric Association to adjust the tariff for electric vehicle (EV) fast charging. With the tariff approval, EV charging station owners can now set prices for the electricity dispensed without incurring a penalty for high demand when chargers pour juice into batteries. chugachelectric.com

Anchorage Community Land Trust

Budding culinary business owners have a new platform to test their menus. The Anchorage Community Land Trust (ACLT) purchased a food truck where entrepreneurs can learn the ins and outs of cooking on a line in a timely manner without the financial risk of owning a vehicle of their own. ACLT used a $15,000 donation from GCI to buy the truck, which is permanently stationed at the organization’s Grow North Farm in Anchorage’s Mountain View neighborhood. The food truck serves Grow North Farm and ACLT’s Set Up Shop program as an incubator for early-stage food businesses. anchoragelandtrust.org

Alaskan Brewing | 49th State Brewing

The 2022 Craft Beer Marketing Awards recognized two Alaska breweries for excellence in branding. Juneau-based Alaskan Brewing Co. won a Platinum Crushie for best can design, a 12-oz Island Ale illustrated with a puffin, and a Gold prize in the same category for a pilsner decorated with a blue and green offroad Jeep, both courtesy of Launch Beverage Consulting of St. Louis. Anchoragebased 49th State Brewing won three Gold Crushies for best 32-oz can design, best brand identity via printed “sell sheets,” and best all-around marketing story, which includes the logo, packaging, website, and merchandise designed by Creature Theory of North Carolina. alaskanbeer.com | 49statebrewing.com

On the Border

The owner of Sourdough Mining Company and other Anchorage restaurants is branching out to TexMex cuisine. Jack Lewis partnered with On the Border Mexican Grill & Cantina, a worldwide casual dining brand, to bring a location to the Tikahtnu Commons shopping center in Muldoon. The restaurant held a grand opening in mid-June. ontheborder.com/locations/ anchorage/

ECONOMIC INDICATORS

ANS Crude Oil Production 449,917 barrels -7.2% change from previous month ANS West Coast Crude Oil Prices $113.96 per barrel -7.7% change from previous month Statewide Employment 362,600 labor force 4.7% unemployment