March 15, 2025

offshore gas platform

Finance

Cook Inlet gas producer assails royalty rates as another seeks state financing

Offshore oil platforms in Cook Inlet. (Loren Holmes / ADN archives) John Hendrix was stressed on Thursday. He temporarily shut down a well that produces 50% of his company’s gas from Cook Inlet for a mandatory state test. The well produces large quantities of water and Hendrix didn’t know if gas would flow again. “We

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