Getting answers should only take months and could illuminate our options for future supply.
Platforms on the west side of Cook Inlet, from left, Bruce, Anna, and Granite Point on Sunday, April 2, 2017.
It would also be imprudent not to consider the possibility that Hilcorp could be withholding supply to bolster gas sales prices in the next round of contracts. This is not to suggest that they are, but it is a question you have to ask. Although it would be financially prohibitive to have a small-diameter gas pipeline from the North Slope solely for Alaska demand , many years ago there was interest in mixing liquids in with the gas on the North Slope and shipping them in a larger, more efficient pipeline to Southcentral Alaska , and then stripping the liquids and exporting them. At that time, the liquids had a higher value for oil recovery, but the reservoir has evolved since then, and the value of the gas here has intensified.
Other smaller companies in Cook Inlet have gas reserves. However, most of them are severely undercapitalized. If that gas is ever to be developed, they are going to need a strong partner. The state of Alaska, or the Municipality of Anchorage, could engage in discussions with other well-capitalized producers to examine what kind of arrangements may be possible to partner with these smaller companies.
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