ENERGY
- Share via
Arco Will Slow Its Oil Hunt in Alaska in 1994: Atlantic Richfield Co.’s $1.9-billion capital spending budget for the new year reflects a decline in the amount of money set aside for petroleum exploration in Alaska, where the company produces two-thirds of its oil. In 1993, Arco spent $415 million drilling wells to evaluate earlier discoveries at Kuvlum, on the North Slope, and at the Sunfish site in Cook Inlet. Both areas yielded disappointing results. This year, Arco will spend $300 million to drill in the state.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
John Orr was a renowned fire investigator who was also a prolific arsonist, and whose thinly veiled novel helped to convict him. In this episode we hear from the fire captain who first suspected him—and from Orr himself.
Madison McGhee is joined by legendary Dateline host Josh Mankiewicz and esteemed L.A. Times Reporter Richard Winton as the three of them dive into all-things Menendez Brothers, the good, the bad, and the still unknown.
NPR climate editor Sadie Babits talks about why the media has long overlooked the climate crisis, and how that’s starting to change.
