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Wednesday, June 5, 2013

Wednesday Morning News And Links

Active rigs: 189 (steady)

RBN Energy: Alaskan North Slope getting its mojo back?
This week BP announced plans to spend $1 Billion increasing production at the company’s Prudhoe Bay Alaska field. Years of declining Alaska North Slope (ANS) crude output have threatened state oil revenues and the safe operation of the Trans-Alaskan pipeline system  that transports crude to the southern Port of Valdez. A new tax regime offers more upside potential to encourage producers like BP to invest. There is still a market for medium sour crudes like ANS on the US West Coast and in Asia. However Alaskan producers must overcome regulatory hurdles to compete successfully in these markets and competition for their drilling dollars from shale boom plays in the lower 48. Today we review the prospects for an ANS production renaissance.
WSJ Links

Section D (Personal Journal):

Section C (Money & Investing):

Section B (Marketplace):
Delta to cut flights, jobs at Memphis hub
Delta Air Lines Inc. informed employees at its Memphis, Tenn., hub on Tuesday that it plans to shrink its operations there, as high fuel costs hamper the efficiency of regional jets.
Atlanta-based Delta said it intends to reduce the number of its daily flights in Memphis to 60 (from as many as 96) in early September and eliminate 28% of the company's 830 local jobs.
Section A:

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