Conoco's Willow Oil Project May Be More of a State-Level Issue

March 15, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A trickling relative to output from the premier shale oil basins in the Lower 48, the $15 billion expected in tax revenue and near-universal support for the project prompted consultant group Wood Mackenzie to call the Willow oil project the start of an Alaskan revival.

ConocoPhillips Company (NYSE:COP) (Houston, Texas), after a lengthy process that involved the U.S. courts, received a record of decision from the U.S. Department of the Interior that paves the way for new oil developments on Alaska's North Slope.