Armstrong Energy News

Oil Search acquires assets in Alaska's North Slope

2/15/2018

Oil Search has completed its acquisition of oilfield assets in Alaska's North Slope from Armstrong Energy and GMT Exploration. In a $400 million deal, Oil Search acquired a 25.5% interest in the Pikka Unit and adjacent property and a 37.5% interest in the Horseshoe Block.

Armstrong plans oil project in Alaska's North Slope

10/6/2017

A US Army Corps of Engineers draft environmental impact statement offers details about Armstrong Energy's plan to produce oil from the North Slope Nanushuk prospect in Alaska. The project, expected to produce about 120,000 barrels of light oil per day at its peak, may start extracting oil in 2021.

New fields bump up Alaska's North Slope oil production

6/30/2017

New oil wells -- mainly in ConocoPhillips' Alpine and Kuparuk fields and ExxonMobil's Point Thomson field -- boosted production from Alaska's North Slope over the past year, showing the region remains a viable oil source. Meanwhile, another new field, Armstrong Energy's Nanushuk, is expected to provide an estimated 1.2 billion barrels of oil.