The three major producers all said tax reform would lead to more investment.
And it has; some $5 billion pledged to date.
One of the most active is ConocoPhillips Alaska, which recently staked seven well locations in its Greater Mooses Tooth Unit in the National Petroleum Reserve-Alaska (NPR-A).
ConocoPhillips has also begun development drilling at its CD5 drill site on the North Slope. CD5 is the first oil development within the boundaries of the NPR-A and first oil is expected in the fourth quarter of 2015.
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