Updated: 18 minutes agoPlatforms on west side of Cook Inlet, from left, Bruce, Anna, and Granite Point on Sunday, April 2, 2017.
Our team of more than 1,500 Alaska employees has worked to stabilize the natural gas supply for the Railbelt. Our efforts have included drilling more than 155 new wells, implementing new technologies, and repairing aging infrastructure. And recently, Hilcorp made a long-term commitment to ensure the only jack-up drilling rig in Alaska doesn’t leave the state at this critical time.
Even with these headwinds making operations difficult, Hilcorp Alaska is deepening its commitment to the Cook Inlet, planning to deploy up to four drilling rigs to add 15-20 new wells annually over the next five years. This near-billion-dollar investment is crucial not only to sustain our current operations but also to meet future needs, despite the 30% year-over-year production decline that’s common in Cook Inlet wells.
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