Alaska’s North Slope sees renewed oil production with Santos’ Pikka project nearing completion and major companies expanding output across key regions.

As of November 2025, Alaska’s North Slope is experiencing a production resurgence led by Santos Ltd.’s Pikka Phase I, now 91% complete and on track for first oil by late 2025, alongside the operational Nuna project, marking the first significant rise in state crude output since 2002. ConocoPhillips and Hilcorp are expanding output across major fields using new drilling, workovers, and enhanced recovery techniques. In Cook Inlet, companies like Hilcorp, HEX Cook Inlet, and Cook Inlet Energy are boosting production through new wells and operational improvements, countering declines in aging fields. Meanwhile, the Barrow Gas Transfer Act’s legacy continues to support northern energy access, while challenges persist for stalled projects like Southern Miluveach and Cosmo. The state’s proposed gas pipeline deal faces scrutiny under new DNR Commissioner Mike Menge, who emphasized the need for public review.