Mound Point - Hilcorp

Location

The Milne Point Unit is located on the North Slope of Alaska. It encompasses several reservoirs and participating areas, including the Kuparuk Reservoir, Schrader Bluff Reservoir, Sag River Reservoir, and other tract operations such as C-15A, S-90, C-23, K-33, and Ugnu MPS-37, MPS-39, MPS-41, and MPS-43.

Operator

Hilcorp Alaska, LLC is the operator of the Milne Point Unit. Hilcorp is one of the largest privately owned oil and natural gas producers in the United States, with operations in several states including Alaska.

Production

During calendar year 2016, the Milne Point Unit produced approximately 4,943 million cubic feet (MMcf) of gas and 7,148 thousand barrels (Mbbl) of oil. From January 1, 2017, through April 31, 2017, the average daily production rate was 20,203 barrels of oil per day (BOPD).

Drilling and Development

Under the 35th Plan of Development (POD), Hilcorp drilled six new wells and anticipated drilling additional wells, including:

• C-15A Sidetrack Producer targeting Sag River
• L-50 Lateral Injector targeting Schrader OA Lower Lobe
• J-24A Sidetrack Lateral Injector targeting Schrader NB
• B-34 Grind and Inject into Ugnu
• B-32 Lateral Producer in Schrader NC
• B-33 Lateral Injector in Schrader NC For the 36th POD period, Hilcorp planned to drill up to eighteen new wells, including wells from L Pad and E Pad targeting various reservoirs.

Infrastructure and Facilities

The project involves several infrastructure developments, such as:

• Expansion of pads to allow for additional well slots (e.g., E and F pads)
• Gravel placement for new pads (e.g., Moose Pad)
• Upgrades to high-voltage AC facilities at the MPU G&I facilities.

Plan of Development

The 36th Plan of Development for the Milne Point Unit was effective from August 1, 2017, through July 31, 2018. This plan outlined the drilling program, infrastructure development, and operational objectives for the period.

Geology and Reservoirs

The Milne Point Unit includes multiple reservoirs:

• Kuparuk Reservoir
• Schrader Bluff Reservoir
• Sag River Reservoir
• Ugnu Reservoir These reservoirs are part of different participating areas within the unit.

Environmental and Operational Considerations

While the specific environmental assessment for the Milne Point Unit is not detailed in the provided sources, it is important to note that oil and gas operations in Alaska are subject to stringent environmental regulations. The Liberty Development Project, also operated by Hilcorp in Alaska, provides a broader context on the environmental and operational considerations, including safety measures, monitoring, and surveillance.