INSIDE ALASKA BUSINESS.

Hilcorp

Oil production declines at Prudhoe Bay have flattened thanks to "hundreds of fairly small projects," according to Hilcorp. The company finished its first full year of operating BP's former North Slope assets by announcing enough production to bend the decline curve. Jill Fisk, senior asset team leader at Prudhoe Bay West, says repairs to current drill sites and revival of older sites increased production from 271,000 barrels per day in 2019 to 299,000 in 2020 and 304,000 in 2021.

hilcorp.com

Parker, Smith & Feek

A Washington-based insurance firm with a strong presence in Alaska is now part of a much larger brokerage. Parker, Smith & Feek was acquired by IMA Financial Group. The 330 associates add to IMA's nearly 1,400, doubling IMA's healthcare specialty and significantly growing its construction practice.

psfinc.com

Yuut Elitnaurviat

The only training program in Alaska to certify licensed practical nurses (LPNs) is opening in Bethel. Alaska Pacific University in Anchorage is providing faculty and a two-semester curriculum for classes at the Yuut Elitnaurviat workforce development center. LPNs are one step below an associate degree in nursing, capable of recording medical information, taking vital signs, giving injections, and readying patients for exams or procedures. They receive more intensive training than Yuut Elitnaurviat's six-week program for certified nursing assistants. The program is meant to address a shortage of LPNs, especially in rural Alaska.

yuut.org

Leafly

What's the biggest cash crop in Alaska? No, not hay. Not barley or potatoes. Add up all the agricultural crops and livestock raised by Alaskan farmers and the total does not equal the value of cannabis. A study by Leafly, a marijuana hub website, found Alaska's twenty-one metric ton cannabis harvest from 356 licensed growers had a wholesale value of $104 million in the fiscal year ending June 2021. That dwarfs the $9 million for hay, $1 million for barley, and about $30 million for all other farmed commodities. Cannabis is also the top cash crop in Colorado, Massachusetts, Nevada, and Oregon, according to the study.

Ieafly.com

Mt. McKinley Meat & Sausage

Local livestock farmers will continue to have access to an Alaskan-owned, in-state slaughterhouse. The state's largest pork producers, Todd and Sherrie Elsberry of North Pole, purchased Mt. McKinley Meat & Sausage in Palmer for an undisclosed price, facilitated by the state Division of Agriculture. Originally...