alamy
OIL & GAS
Movers and Drillers in Cook Inlet Hilcorp dominates, BlueCrest innovates By Isaac Stone Simonelli
H
ilcorp Energy continues to dominate the oil exploration scene in Cook Inlet—it’s the only company to put in a bid on the State of Alaska’s annual Cook Inlet basin oil and gas lease sale for the third consecutive year.
88 | September 2019
The Houston-based company that specializes in mature fields spent $190,350 on three lease tracts totaling 10,286 acres earlier this year, according to the Alaska Department of Natural Resources (DNR), Division of Oil and Gas. “We are pleased to see bid activity in the Cook Inlet lease sale,” DNR Deputy
Commissioner Sara Longan said in a prepared statement earlier this year. “We recognize the focus of investment has been on the North Slope in recent years. Nevertheless, significant investment is made to sustain current Cook Inlet production, while exploration activities continue to inform and support future development.”
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