around 10million cubic feet per day from 2 Kenai Loop wells. They get 6.24-6.75/mcf during most of the year and then a premium during the winter. Once they get past their obligation to the local utility, they can get winter spot prices as high as $20/mcf for short periods of time. Old fields are depleting so other production is slowly fading. Over the next couple of years, Buccaneer will continue to get premium prices before new wells from them as well as other competitors eliminate the premiums.
However there is a big surprise. Cook Inlet has the ONLY operating LNG export plant in North America. It was mothballed a few months ago for lack of supply to export to Japan. A few more good wells and they may reactivate and provide Buccaneer with access to Japanese/Korean export LNG prices, which are currently well over $10/mcf.
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