BlueCrest Energy Inc. announced on September 14, 2026, that it has secured funding to advance development of the Lower Tyonek A natural gas reservoir at the Cosmopolitan Unit in Cook Inlet, Alaska.
The development program includes recertification of BlueCrest Rig #1, final well engineering, procurement of long-lead equipment, expansion of the Hansen Production Facility, and drilling and completion of the H-17 Lower Tyonek A extended-reach gas well.
BlueCrest anticipates first natural gas production from H-17 by March 1, 2027, with an anticipated initial production rate of approximately 25 million cubic feet per day (MMcf/day).
H-17 will be drilled from BlueCrest’s existing onshore Hansen pad beneath Cook Inlet. Following production and evaluation of H-17, BlueCrest plans to use the actual well results to optimize and advance a second Lower Tyonek A extended-reach development well.
“BlueCrest will be part of the solution to the natural gas supply shortfall facing the Cook Inlet region,” said J. Benjamin Johnson, Chief Executive Officer, and John M. Martineck, Chief Operating Officer. “With funding secured, our focus is on execution and bringing additional locally produced natural gas to the Cook Inlet market as quickly and responsibly as possible.”
BlueCrest’s Plan of Development establishes a commitment to achieve first Lower Tyonek A gas no later than March 31, 2027. The Company’s current operating target is to begin production by March 1, 2027.
About BlueCrest
BlueCrest Energy Inc., through BlueCrest Alaska Operating LLC, develops and produces oil and natural gas resources at the Cosmopolitan Unit in Cook Inlet, Alaska.
Press release provided by BlueCrest Energy Inc.
