Exciting Times for Alaska Energy: Pikka Project Now Reaching First Oil
The Pikka oil and gas field in Alaska is set to begin producing oil after more than a decade of development. This project is expected to significantly contribute to Alaska's economy, generating billions in revenue over its lifespan. The increased oil supply is anticipated to help moderate high prices and enhance American energy independence.
- ▪The Pikka field was discovered in 2013 and is now ready to produce sellable oil.
- ▪Santos, the operating company, expects to contribute around $250 million to Alaska's treasury in the next year.
- ▪Over the life of the project, the expected contribution to the state could reach closer to $7 billion.
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Exciting Times for Alaska Energy: Pikka Project Now Reaching First Oil By Ward Clark | 11:56 AM on May 18, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Mark Thiessen Whenever some proposed new oil or natural gas project is under discussion, the refrain from the left, environmentalists, and climate scolds (but I repeat myself threefold), as part of their objection, proclaim "but no new oil/gas will be extracted for (insert number) of years," as though, because of that, we should just throw up our hands and buy more solar panels.
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