oil and gas industry

 

By and large, kids have little direct impact on the economy. Oh sure, Mom and Dad spend a lot on them, but with little disposable income of their own, school kids’ spending power is limited.

This week on Econ 919, Jay Barrett tells us how the people at Junior Achievement are training today’s kids to be tomorrow’s financially responsible and productive members of society.


This week, on Econ 919, Kenai Peninsula Borough Mayor Charlie Pierce has been touting his plan to cover the borough’s $4 million-plus deficit this year with no new taxes. But a part of that plan means asking for administrative fees from the borough’s service areas. KDLL’s Shaylon Cochran has more.


The city of Kenai is looking to grow its economic base. That begins with one of the city’s more abundant resources — land. Shaylon Cochran has more on the plans to catalog and encourage development around the city:


 

The state Legislature gavels in amid hopes that increasing oil prices and TAPS line throughput can help quell the state's budget mess, while Hilcorp has big plans for its stake in Cook Inlet.


AOGA

Update on oil and gas industry activity in Alaska with Kara Moriarty, president and CEO of the Alaska Oil and Gas Association.

From mainstays like oil and gas and fishing to up-and-comers like cannabis and the blue economy (ocean-based industries), the Kenai Peninsula Industry Outlook Forum will feature speakers from just about every sector of the local economy. Kenai Peninsula Economic Development District Executive Director Tim Dillon spoke with KDLL's Shaylon Cochran about what's lined for the event Jan. 10 at the Soldotna Regional Sports Complex.

Bureau of Ocean Energy Management

 

A project manager for Hilcorp was in Soldotna Wednesday drumming up support for the company’s ambitious plans for a new project on the North Slope. Before a joint meeting of the Kenai and Soldotna chambers of commerce, Liberty project manager Mike Dunn says oil workers on the Kenai Peninsula are filling jobs at Hilcorp’s similar wells in the Beaufort Sea.

“There’s probably 10 or 15 guys on that island that live on the Kenai Peninsula,” he said.

For 60 years, the oil and gas industry has been front and center in the Kenai Peninsula’s economy and politics.

News of another spill, this one of an oil-based drilling mud on the Steelhead platform in Cook Inlet, coincided with a piece by journalist Sabrina Shankman in Inside Climate News about Texas-based Hilcorp.

ADEC - S. Russell / ADEC

About every 25 or so years, statistically, mud rushing down the side of Mount Redoubt as the result of volcanic eruption threatens the Drift River oil storage facility and terminal on the west side of Cook Inlet. If all goes as planned, a new project by Harvest Alaska, a subsidiary of Hilcorp, will mitigate those dangers and simplify the pipeline infrastructure in and around the inlet.

Richard Novacaski, Alaska Operations Manager for Harvest Alaska, outlined the Cross-Inlet Pipeline Extension for members of the Kenai Chamber of Commerce at its weekly luncheon Wednesday at the Kenai Visitors and Cultural Center.

The AK LNG Project continues forward, but not with the pace and fervor we saw when the project was first getting off the ground. The state of Alaska controls a bigger share of the project now, but doesn’t have a ton of extra money to put into it. And the economics are more difficult to make work with steady supplies of natural gas in the Lower 48 that are also a lot easier to get to. Larry Persily is chief of staff for borough Mayor Mike Navarre and this stuff is his specialty.