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8 Pages

Alaska and Arctic Canada - a review of 2012

Alaska and Arctic Canada - a review of 2012

Report summary

In Alaska, operators transitioned their focus from leasing to exploration in 2012. The amount of acreage leased in Alaska fell last year by over 50%. However, the average bid per acre increased significantly to US$70 on the North Slope and to US$35 in the Cook Inlet. Additionally, land was leased in the Foothills for the first time since 2009. To the east, in Canada's Beaufort Sea, Franklin Petroleum acquired six leases for a total work commitment of Cdn$7.5 million. In 2012, 15,

What's included?

This report includes 2 file(s)

  • Alaska and Arctic Canada - a review of 2012 PDF - 532.36 KB 8 Pages, 0 Tables, 5 Figures
  • Alaska and Arctic Canada a review of 2012.xls XLS - 105.00 KB


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  • Executive summary
  • Leasing activity
    • Alaska - leasing down, bonuses up
      • North Slope and Cook Inlet spend per acre at 10-year record levels
      • Beaufort Sea and National Petroleum Reserve-Alaska activity muted
    • Arctic Canada
  • Drilling and discoveries
    • Alaska North Slope exploration yields discoveries
      • Great Bear's unconventional exploration kicks off
    • Changing scene taking shape in the Cook Inlet
    • Arctic Canada focuses on the Canol
  • Development highlights and other noteworthy events
    • BP Liberty project shelved
    • Advances and setbacks for Shell in the Arctic
    • Point Thomson Unit advances
    • Alaska LNG plans announced
    • Alaska tax reform in question
    • Hilcorp acquires Marathon's Cook Inlet properties
    • Apache makes progress in the Cook Inlet
    • NEB's Arctic Offshore Drilling Review completed and activity poised to increase

In this report there are 5 tables or charts, including:

  • Executive summary
  • Leasing activity
    • Acreage awarded and total signature bonuses in Alaska 2005 to 2012
    • Acreage awarded and total work commitments in Arctic Canada 2005 to 2012
  • Drilling and discoveries
    • Alaska - exploration wells completed 2002 to 2012
    • Arctic Canada - exploration wells completed 2001 to 2011
  • Development highlights and other noteworthy events
    • Alaska and Arctic Canada 2012 lease sales
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