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News Breaks | | | | January 10, 2013 | | 08:50 EDT |  | MILL | Miller Energy announces reduction in oil transportation expenses
Miller Energy announced that the rate it pays to move crude oil on to market on the Cook Inlet Pipeline system will be lowered from $6.17 per barrel to $3.21 per barrel beginning January. While Miller’s wholly-owned Alaskan subsidiary, Cook Inlet Energy plans to significantly increase throughput through the CIPL system in 2013 as a result of its ongoing drilling program, this tariff reduction would result in savings in excess of $1M even if the company’s production remained flat through 2013. | |
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News For MILL From The Last 14 Days Check below for free stories on MILL the last two weeks. |
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| May 20, 2013 | | 08:43 EDT | | MILL | Miller Energy to begin drilling Sword #1 well
Miller Energy announced that its wholly owned subsidiary, Cook Inlet Energy has entered a contract for the Patterson owned, Rig-191 to drill the Sword #1 well. The company will mobilize the rig from the nearby Tyonek Village area at the end of May and transport it to an existing pad near its West Mcarthur River production facility. The 1500 HP rig is constructed with a 750,000 lb. rated mast and is capable of drilling a maximum depth of 24,000 feet. | |
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