BlueCrest Secures Funding for New Cook Inlet Natural Gas Project
BlueCrest Energy Inc. has secured funding to advance development and production of new Cook Inlet natural gas, aiming to bring additional locally produced gas to the market by early next year.
The project will involve recertification of BlueCrest Rig #1, final well engineering, procurement of long-lead equipment, expansion of the Hansen Production Facility, and drilling and completion of the H-17 Lower Tyonek A extended-reach gas well.
According to the company's announcement, the first natural gas production from H-17 is anticipated by March 1, 2027, with an initial production rate of approximately 25 million cubic feet per day. The company has committed to achieving first Lower Tyonek A gas no later than March 31, 2027.
BlueCrest's CEO and COO stated that the project will be part of the solution to the natural gas supply shortfall facing the Cook Inlet region, with a focus on execution and bringing additional locally produced natural gas to the market as quickly and responsibly as possible.