RSS feed source: US Energy Information Administration
In-brief analysis
November 12, 2026
After decades of decline, crude oil production in Alaska is growing, driven by two projects on Alaska’s North Slope. In our latest Short-Term Energy Outlook, we expect a 23,000 barrels per day (b/d) (6%) increase in 2026, followed by a 60,000 b/d (13%) rise in 2027. At a forecast 505,000 b/d in 2027, output would be the most since 2014.
If realized, these annual production increases will be the largest since the 1980s, when Alaskan crude production peaked at 2.0 million b/d.
The recent growth is attributable to two projects on Alaska’s North Slope:
The Nuna project, owned by ConocoPhillips, started production in December 2024 and is expected to produce 20,000 b/d at its peak. So far this year, it has produced an average of 10,000 b/d,
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