ConocoPhillips’ size and dominance in Alaska weren’t enough to inoculate it from the effects of the COVID-19 pandemic; however, 2021 was a “reset” year for the company, which produced approximately 208,000 barrels of oil equivalent per day in Q1 with an average price of $60 per barrel.
Many industry experts agree that oil, natural gas, solar, hydro, geothermal, and tidal can all be developed in Alaska without one encroaching on the other’s economic importance to the state. Combined, petroleum and renewables are a positive one-two punch for Alaskans, not ideologically opposed platforms locked in some industrial grudge-match.
The Alaska Oil and Gas Association (AOGA) will honor individuals and companies/organizations for their achievements working in the oil and gas industry at its annual conference on May 30, 2019, at the Dena’ina Civic & Convention Center.