Announcement
Current News

Current News

Year-to-date North Slope production shows sharp falloff North Slope production Alaska North Slope production is running 17,402 b/d below 2017 for the first 10 months of the year, compared with the same 10-month period of January through October, 2017, according to data provided by the state Department of Revenue. The annual average for the year to date totals 505,184 b/d for the 10-month period compared with 522,586 b/d for the same period of 2018, the data shows. The figures are…

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Check out our private and confidential reports

Check out our private and confidential reports

We preview upcoming private and confidential reports. Contact us for information on our weekly Alaska Legislative Digest and biweekly Alaska Economic Report. Past 2018 content for the Alaska Economic Report is listed below by date published.

Economic Report 14-2018

Economic Report 14-2018

In this Issue: Efforts stall to reform medical “80th-percentile” rule State regulation blamed for helping drive up health costs Nome health cost sticker shock Providence contract with nurses Economy: Walker proposes Permanent Fund support for economic development Transportation: Maersk plans test Arctic voyage Politics: Dunleavy may have edge in three-way governor’s race Walker picks up endorsements from labor and teachers Petroleum: West Sak costs now cut 45% Higher GMT-2 production estimate Oil Search ups resource estimate New report touts slope…

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Economic Report 13-2018

Economic Report 13-2018

In this Issue: Petroleum Oil is found all over western North Slope Dry holes for decades; new technology now enables discoveries What can we make of these new oil discoveries? Employment effect more difficult to judge New development is technology-driven Arctic Slope Regional Corp., a big winner Point Thomson technical problems Slope oil production is stable NPR-A coastal areas to open? ANWR EIS draft in 4th quarter? Minerals Bans on mining activities stripped from salmon initiative; still a lot left…

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Petroleum

Petroleum

West Sak costs now cut 45% Alaska producers are cracking the code in tapping a huge resource of thick “viscous” oil on the North Slope. The latest project, North East West Sak, or NEWS, is now producing above projections and was brought in 45 percent below estimated costs, said officials with ConocoPhillips, which is operating NEWS. The company has three wells producing about 10,000 barrels per day. A fourth well will be operating in mid-September. NEWS was originally estimated to…

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Economy

Economy

Walker proposes Permanent Fund support for economic development For the first time, probably since Walter Hickel was governor, a proposal to use the Permanent Fund to foster economic development has been put forth by a state chief executive. At a campaign forum in Anchorage Aug. 29, Gov. Bill Walker, who is running for reelection, said he would support a small percentage of the $65 billion Permanent Fund, perhaps 1 percent (or $600 million) being set aside to help finance small…

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Business Intelligence

Business Intelligence

Job losses continue to slow as economy steadies Job losses are steadily decreasing to the point that employment may reach a steady state by the end of the year. State labor economist Neal Fried said employment dropped 0.6 percent in the first six months of 2018, compared with 1.5 percent decline for the first half of 2017 and a 1.9 percent drop for the same period of 2016. During July the job count was down 0.3 percent, an indication things…

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Politics

Politics

Dunleavy may have edge in three-way governor’s race There is now a complex three-way race for governor in the Alaska November general election and the street talk is that Republican Mike Dunleavy, who defeated challenger Mead Treadwell in the August 21 primary, could well emerge the winner. That’s if the Democrat, former U.S. Senator Mark Begich, and Bill Walker, the incumbent running for reelection as an independent, split the Democratic and independent vote, which is expected. Dunleavy racked up 42,223…

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Transportation

Transportation

Maersk plans test Arctic voyage Maersk, the international shipping giant, is conducting a test run of a freighter through Russia’s Northern Sea Route in the Arctic. Its vessel is to transit the Bering Straits about Sept. 1 en route to Europe. Maersk said it is an experiment but still significant as an indication of interest. What is also motivating the company is that Cosco, the Chinese shipping giant and a major competitor, has been using the Northern Sea Route for…

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Minerals

Minerals

Mining employment up this year Alaska mining employment is up this year, according to preliminary data from the Dept. of Labor and Workforce Development.  The estimate for 2018 is 3,126, up from 3,076 in 2017 and 2,945 in 2016. If the estimate proves out it will be the highest employment in the industry for more than a decade (in 2006 the number was 1,874). State labor economists credit rising mineral exploration activity with pushing up job numbers because the state’s…

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Fisheries

Fisheries

Salmon catch passes 100 million Alaska’s Dept. of Fish and Game is now forecasting a harvest of 147 million salmon for 2018, which is within the range of 100 million to 150 million fish caught that is considered the long-term norm. The catch passed 100 million a week ago. The pain this year is caused by a dismal pink salmon catch and a poor sockeye harvest outside of Bristol Bay, which boomed this year. About 42 million sockeyes will be…

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