Pt Thompson Alaska.
First drilled in '77-79. Loaded with Nat gas and crude.
May 30th, 2008
"This might be the third largest oil field in the state of Alaska," said Anil Chopra of PetroTel, a state-hired geologic consultantAt peak oil production, Point Thomson's output would be 160,000 barrels per day
reuters.com30 yrs. NADA. Why are the oil companies holding back ?
Palin says use it or lose it....... and is suing oil companies
May 30. 2008
Palin and her administration, at the same time, are tangling with Exxon Mobil Corp. , the operator of the Point Thomson unit, and its partners over those companies' delays in developing the field.
The failure to drill any wells since 1982, as well as previously stated plans to defer any development until a natural gas pipeline is built, prompted the state to start the legal process of seizing Point Thomson leases, some of which date back to the 1960s.
The state has declared Exxon and its partners -- BP , Chevron and ConocoPhillips -- to be in default of lease terms. The state seeks to put the leases back up for auction so that Point Thomson can be developed by other parties.
reuters.comIn 2006, then-Gov. Frank Murkowski made the opening play in what has become a tense legal chess match, moving to reclaim the more than 100,000 acres of leased state land at Point Thomson with an eye toward offering it to companies more eager to produce.
Gov. Sarah Palin, who succeeded Murkowski, has taken over the match he started.
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