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Category: Mineral Resources

Alaska now at zero oil production decline!

Alaska now at zero oil production decline!

Alaska North Slope oil producers appear to have halted a long-term decline in annual production, state production data showed. For the first 10 months of the state’s 2014 fiscal year, production has averaged 532,700 b/d, data through April showed. Preliminary data for May and June indicates the trend is likely to hold. Average production for the 2013 fiscal year was 531,600 b/d. The state fiscal year runs from July 1 through June 30. The figures are subject to adjustment, said…

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