New Alaskan Oil Field Produces in 5 Years: Let America Drill!

Note to Congress: Turn American enterprise loose to Drill Here and Drill Now!

Photo from Pioneer Natural Resources website

On June 10, 2008, Alaska Public Radio Network announced that an American company, Pioneer Natural Resources

…has brought a near-shore oil production unit on line.

Pioneer spokesman Tadd Owens says the first barrel from the Oooguruk facility was sold yesterday. The unit lies northwest of the Kuparuk river, inside the barrier islands of the Beaufort sea. Owens says Pioneer is the first independent to bring new operations on line and they did it quickly — from exploration to production took only 5 years. He says the plan is for 40 wells to be on line within 3 years.

From a Dallas news release:

Pioneer anticipates peak gross production in 2010 of 15,000 to 20,000 barrels of oil per day (BOPD) from approximately 40 development wells (approximately half of the wells will be producing wells and half will be injection wells). These wells are expected to be drilled over the next three years. The gross oil resource potential from these base development wells is as much as 90 million barrels, before expansion opportunities. Field life is expected to be 25 to 30 years.

Visit American Sentinel, the home of the Independent American Solutions Drill Here, Drill Now, Pay Less Blogroll, and if you have not signed the Petition, follow the links from American Sentinel.

To RedState.com: Hey y’all – I appreciate the hat tip! Readers, Josh Painter has some interesting links to follow as well as commentary on drilling now.

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