Morning Headlamp – EPA reign of terror to end?

Cook Inlet Energy, now owned by two private equity firms that picked up the oil company after the bankruptcy, plans to drill a single exploration well starting in April about 3 miles off the coast in Trading Bay, according to an application filed with the U.S. Army Corps of Engineers called the Sabre Project. The company is a subsidiary of Glacier Oil and Gas, a Tennessee-based firm formerly named Miller Energy Resources before its bankruptcy and reorganization a year ago. It’s now owned by affiliates of Highbridge Capital Strategies and Apollo Global Management, New York firms that saw opportunity in the struggling company. Mike Evans, a DEC regulator, said the approval from the agency is not permission to drill. It does, however, restrict drilling to between April 15 and Oct. 31 to avoid ice that can begin forming in late November.

Back to school. According to KTVA, the first day of a legislative session in the Alaska State Capitol feels a lot like the first day of school. Some of last year’s members have graduated and moved on, while a new class of freshman lawmakers is learning its way around the hall – a freshman class that makes up a quarter of the 60-member 30th Alaska State Legislature. The new legislators include: Sen. David Wilson, R-Wasilla; Sen. Tom Begich, D-Anchorage; Sen. Natasha Von Imhof, R-Anchorage; Rep. Colleen Sullivan-Leonard, R-Wasilla; Rep. George Rauscher, R-Sutton; Rep. David Eastman R-Wasilla; Rep. DeLena Johnson, R-Palmer; Rep. Jason Grenn, Non-affiliated, Anchorage; Rep. Chuck Kopp, R-Anchorage

Rep. Chris Birch, R-Anchorage; Rep. Jennifer Johnston, R-Anchorage; Rep. Gary Knopp, R-Kenai

Rep. Justin Parish, D-Juneau; Rep. Zach Fansler, D-Bethel; Rep. Dean Westlake, D-Kotzebue.

Bated breath. Gov. Bill Walker delivers his annual State of the State address from the Alaska State Capitol in Juneau at 7 p.m. today. Headlamp will be watching tonight to see what Gov. Walker has to say about the future of Alaska’s most critical industries. Will his message be one of promise and continued prosperity, led by more production on the backs of new discoveries? Headlamp certainly hopes so. 

Sen. John Barrasso penned an op-ed noting how the outgoing administration’s EPA “has abused and attacked far too many hard-working American families.” According to Barrasso, “President-elect Trump has vowed that his administration will overturn two federal regulations for every new one it proposes. The administrator of EPA will play a vital role in keeping that promise. He must make sure that the agency meets its mission of protecting our environment – ensuring clean water, air, and land – while allowing our economy to grow.”


First Reads

Following bankruptcy, Cook Inlet Energy plans exploration well
Alaska Dispatch News, Alex DeMarban, January 17, 2017

Congressional delegation revs up for another ANWR fight
Alaska Journal of Commerce, Elwood Brehmer, January 17, 2017

Alaska can no longer isolate Permanent Fund dividend
Alaska Dispatch News, Roger Marks, January 17, 2017

Watch Gov. Bill Walker’s State of the State address live at 7 p.m. Wednesday
KTOO, Tripp J. Crouse, January 17, 2017

Sen. Barrasso: For 8 years the EPA has made life hard for too many Americans. That’s about to change
Fox News, Sen. John Barrasoso, January 17, 2017

New Alaska Legislature starts session with fresh faces, old problems
KTVA, Liz Raines, January 17, 2017

Trump Interior nominee would consider more drilling on federal land
Reuters, Valerie Volcovivi and Timothy Gardner, January 17, 2017

‘It’s blindsided everybody’: New U.S. border tax could shut out Canadian oil
Financial Tiems, Claudia Cattaneo, January 17, 2017