Hilcorp Energy has told state officials it will resume drilling of new wells in the large Prudhoe Bay field on the North Slope, where it is the field operator. Drilling was suspended in Prudhoe, as with most other fields on the slope, when oil prices crashed in 2020.
The move won’t increase the number of rigs working overall on the slope because Hilcorp is moving one of two rigs that were at work in the Milne Point field to Prudhoe Bay to restart the drilling there. The move will leave one rig still drilling in Milne, which Hilcorp also operates but is also 100 percent owner.
Still, the decision is
→ Continue reading at Anchorage Press