Posted by Sandy Roberts on 3/11/2017 to Energy Industry
IncSmart Alaska (Small Business and Startups) - A new discovery has been made in Alaska's North Slope. 75% of the find is owned by Denver-based Armstrong. Production could begin in 2021 and lead to 120,000 barrels per day. The North Slope find comes less than six months after Caelus Energy and private-equity giant Apollo Global Management announced a massive Alaska oil discovery in the waters of Smith Bay, 100 miles west of Prudhoe Bay.
All of this is a big win for Alaska, as President Trump expands energy production in all sectors to become self sufficient in spite of the oil glut. Along with the Oil Fracking business, the US is becoming energy efficient.
By Sandy Roberts
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