WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
BAKKEN WIRE
ConocoPhillips Secures 30-Year Alaska LNG Supply Deal with Glenfarne - Bakken Wire
Operator News

ConocoPhillips Secures 30-Year Alaska LNG Supply Deal with Glenfarne

The major Bakken operator will supply North Slope gas to the Alaska LNG project, highlighting its diversified gas strategy.

Bakken Wire Staff·🌅Afternoon Wire·

ConocoPhillips, a major operator in North Dakota's Bakken formation, has signed a 30-year agreement to supply natural gas for the Alaska LNG project, according to a report from Rigzone. The deal, signed with developer Glenfarne, will see ConocoPhillips supply gas produced on Alaska's North Slope for the project's first phase.

The agreement underscores ConocoPhillips's strategy to secure long-term outlets for its natural gas production across its portfolio. While the company is a significant oil producer in the Bakken, it also produces substantial associated natural gas from the region's wells.

For Bakken operators and royalty owners, this deal highlights the ongoing industry push to find stable markets for natural gas, which is often a byproduct of oil-focused drilling in the Williston Basin. Infrastructure constraints and pricing at hubs like the Northern Border pipeline have historically challenged gas realizations in North Dakota.

A major player locking in a decades-long supply contract in another basin may signal a broader industry focus on securing demand for gas molecules. This could have long-term implications for how integrated producers like ConocoPhillips view and market their gas assets elsewhere, including in the Bakken.

The Alaska LNG project aims to supply gas within the state of Alaska. ConocoPhillips's involvement in such a large-scale domestic project reinforces its position as a leading natural gas supplier in North America. The company's operations in the Bakken contribute to its overall gas volume.

The development was reported by Rigzone on Wednesday, May 20, 2026. Specific financial terms and volumes for the supply deal were not disclosed in the report.

Source

Rigzone

conocophillipslngnatural gasalaskacontractsbakken operators

Share this article

PostShareShareEmail

Related Articles

Operator News

Gulf Hurricane Threat Evacuates Workers, Could Tighten Oil Markets

Major oil companies are evacuating workers from the Gulf of Mexico ahead of a strengthening tropical storm, a move that could introduce new volatility to crude markets with potential implications for Bakken producers. Chevron is evacuating workers from all its Gulf platforms, while Shell is pulling non-essential personnel from six offshore platforms and BP is also conducting evacuations, according to reports from Reuters and CNN. While production at the facilities currently remains normal, the storm is forecast to reach the Gulf Coast by Friday, potentially as a Category 2 hurricane. Analysts warn the storm is an "unwelcome complication for crude, raising the prospect of production and refining disruptions at a time when the market already has enough supply-side headaches," KCM Trade chief analyst Tim Waterer told Reuters. The potential impact on Gulf Coast refineries is a primary concern for the broader oil market, including Bakken crude which often flows to...

☀️Morning Wire·Oct 7
Supreme Court Hears Climate Suit, Industry Warns of 'Judicially Ordered Carbon Tax' - Bakken Wire
Operator News

Supreme Court Hears Climate Suit, Industry Warns of 'Judicially Ordered Carbon Tax'

The U.S. Supreme Court heard arguments Monday in a pivotal climate liability case that could open the door to state-level lawsuits against oil and gas companies, a prospect the industry warns could act as a "judicially ordered carbon tax," according to a report from OilPrice.com. The case involves a lawsuit filed by Boulder County, Colorado, against ExxonMobil and Suncor Energy Inc., seeking damages for local climate-change-related impacts. The Canadian-based Suncor and Texas-based ExxonMobil argue that climate policy and alleged damages are exclusively federal matters, and the state suit should be dismissed. Boulder County contends it is only seeking compensation for local damage from decades of emissions, not aiming to change federal policy, OilPrice.com reported. For Bakken operators, the case represents a significant liability threat. The industry argues that a victory for Boulder County would allow a flood of similar lawsuits to proceed, potentially targeting producers based on their historical emissions....

🔆Midday Wire·Oct 5
Operator News

ConocoPhillips Signs 20-Year LNG Supply Deal with Venture Global

ConocoPhillips has entered a 20-year agreement to purchase liquefied natural gas from Venture Global LNG, according to a report from Rigzone. The deal, finalized on October 2, 2026, will see ConocoPhillips buying one million metric tons per year of LNG starting in 2030. For Bakken operators, this long-term LNG offtake agreement by a key player highlights the growing importance of global natural gas markets for the region's production. The Bakken formation is a major oil-producing region, but its operations also yield significant volumes of associated natural gas. Such a deal provides ConocoPhillips, a major operator in the Williston Basin, with a secured outlet for future natural gas production. While the specific source of the LNG is not detailed in the report, long-term contracts like this underpin investment in gas gathering, processing, and transportation infrastructure that can benefit the broader Bakken region. The move aligns with industry trends of securing stable...

☀️Morning Wire·Oct 5