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(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0
As of January 2025, the county produced approximately 25,300 barrels of oil and 265,900 MCF of natural gas. With 1,800 activewells and 16,200 drilled wells, it ranks #119 in oil and #110 in gas production statewide. In January 2025, the county produced around 11,300 barrels of oil and 1.6
The Texas Commission on Environmental Quality (TCEQ) finalized this change of ownership on May 22, 2025, under Permit #137696, marking a significant step in Bedrock’s strategic expansion within the Barnett Shale region. The county hosts over 6,100 drilled wells and 1,100 activewells, with 53 operators managing these assets.
Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in 2025 we expect the cash generated by the Tawke PSC to continue to cover our costs. Three wells that were drilled last year, but not completed due to the closure of the pipeline, were brought onstream mid-year to meet demand from domestic traders.
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