Juneau, Alaska

(907) 699-6788 ed.king@kingecon.com

Tag: ANS

Pricing ANS: Part 1 – Physical Market Dynamics

After all the craziness of negative prices last month, a reader asked if I would write an article explaining how pricing Alaska’s crude oil works. That seems like a good idea, although I can’t do it in one digestible piece. So, the plan is to write a three-part series that […]

What Happened to Oil and what Happens Next?

A barrel of Alaska North Slope (ANS) crude oil was selling for $22.47 at the time this article was written. That’s down 67% from the beginning of the year. In terms of the state’s royalty oil, that price swing represents a reduction of almost $3 million per day. For the […]

Alaska by the Numbers – March 2020

March was a crazy month. It’s almost unbelievable how quickly the world changed in response to the COVID-19 pandemic. Here are some quick highlights about how Alaska’s finances and economy were impacted by the pandemic. The Stock Market Collapsed March began with the Dow at 26,703. By the end of […]

Alaska By The Numbers – January 2020

Here is your monthly update on some of the things that impacted Alaska’s finances and economy. The Legislature Gaveled In on January 21st The primary responsibility of the legislature is to appropriate the money needed to run the state government. Unlike last year, the House Finance Committee got right to […]

Alaska By The Numbers – December 2019

Now that the holidays are over, it’s time to turn our attention back to Alaska’s financial problems. Here are some of the highlights of what happened in December 2019. The Governor Released His FY21 Budget Proposal The governor rolled out his proposed FY21 budget on December 11th. To the surprise […]

Alaska by the Numbers – October 2019

Here is your free monthly update on what’s going on in Alaska’s economy. The Labor Market Keeps Improving According to the Department of Labor numbers released last week, Alaska extended its winning streak to 12 consecutive months of job growth. The jobs count in September 2019 was a total of […]

Alaska By the Numbers – August 2019

A lot happened in Alaska during the month of August. Here’s the run down on how we read the headlines. BP and Hilcorp Agreed to Terms on Alaska Assets The news that broke the internet in Alaska last week was a press release from BP. They announced that they were […]

The Official FY19 Oil Production Numbers are in

The Alaska Oil and Gas Conservation Commission (AOGCC), the state agency which tracks oil production across Alaska, has released the last of the FY19 oil production data. All production companies are required to report the amount of oil, gas, and water they take out of the ground to AOGCC each […]

Alaska Might Be Benefiting from Oil Sanctions

Alaska North Slope (ANS) oil has been selling at a premium to Brent for nearly a year, and we are seeing millions of dollars of added benefit as a result. The mostly likely cause is oil sanctions on Iran and Venezuela. Let’s explore the situation. Refinery Inputs Each refinery is […]

Guess Where Alaska Stands in the Oil Race

Back in the 1980’s Alaska was a powerhouse in the oil market. At the time, our young oil fields were the envy of our peers. Texas production was falling, approaching 2 million barrels per day from above as Alaska approached the same mark from below. Briefly, Alaska challenged Texas as […]