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Point Thomson settlement questioned

Anchorage Daily News online -- Deal improving prospects for massive oil and gas field faces skepticism.

By LISA DEMER
Anchorage Daily News

Published: April 27th, 2012 11:24 PM
Last Modified: April 28th, 2012 12:08 AM

JUNEAU -- Signs of skepticism emerged Friday over the deal applauded by the Parnell administration last month to resolve long-running litigation over the Exxon Mobil-operated Point Thomson oil and gas field.

The huge field, some 60 miles east of Prudhoe Bay, is Alaska's remaining "crown jewel" on state lands, the state Senate Judiciary Committee was told. It holds hundreds of millions of barrels of oil but the real prize has always been the natural gas, estimated by the state at eight trillion cubic feet.

Under the Point Thomson settlement, the state could end up with much of the oil left in the ground

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Submitted Apr 28, 2012 By: Nitewolf

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36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Apr 29, 2012 2:25:33 AM Ignore 36_ACRES_4_SALE Report Abuse Interesting?
Ken2OD Champion Author Grand Rapids Posts:9,208 Points:1,998,665 Joined:Dec 2005	Message Posted: Apr 28, 2012 9:42:15 PM Ignore Ken2OD Report Abuse Nothing ever happens fast in Alaska. The road construction in downtown Fairbanks is finally taking place "LIVE AND IN COLOR" directly in front of the Fairbanks News-Miner "Arctic Cam" after being in the planning stages for 30 years. [Edited by: Ken2OD at 4/28/2012 9:42:50 PM EST]
ktbaeohana Champion Author Las Vegas Posts:2,412 Points:442,125 Joined:Mar 2010	Message Posted: Apr 28, 2012 5:15:00 PM Ignore ktbaeohana Report Abuse good news.
kag2010 Champion Author Winnipeg Posts:5,394 Points:1,047,460 Joined:Apr 2010	Message Posted: Apr 28, 2012 4:55:11 PM Ignore kag2010 Report Abuse yak, yak.
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Apr 28, 2012 3:15:01 PM Ignore knutzAL Report Abuse yak, yak, yak.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Apr 28, 2012 3:02:37 PM Ignore LEGION57 Report Abuse Progress! Use the resources NOW. So called pristine landscape and natural beauty and save for later are code words for commies who want to destroy America by using brainwashed useful idiots. We want energy and power NOW.
race2IT Champion Author Fort Worth Posts:1,790 Points:738,400 Joined:Oct 2008	Message Posted: Apr 28, 2012 2:42:36 PM Ignore race2IT Report Abuse The fields or pastureland is where the wild life lives today. Why destroy their habitat for a few dollars today and by tomorrow it’s a wasteland?
doggod Champion Author Anchorage Posts:2,983 Points:768,085 Joined:May 2009	Message Posted: Apr 28, 2012 1:56:33 PM Ignore doggod Report Abuse Wow, it's hard to think of a better illustration of the fallacy of allowing government to be allowed to participate in commerce, let alone be a key player in a huge enterprise. The structure of government is simply not amenable to the kind of accountability the marketplace brings to decision-making, and what you inevitably get are bad decisions. The core of the problem is that most of Alaska's land is owned by the State ... either Alaska or the Federal state ... so Alaska becomes the poster child for this kind of nightmare.
OilOnTheCheap Champion Author Ventura Posts:2,250 Points:476,010 Joined:Jan 2012	Message Posted: Apr 28, 2012 1:16:38 PM Ignore OilOnTheCheap Report Abuse Save the field and develop it later.
dorisntx Champion Author Fort Worth Posts:2,079 Points:664,255 Joined:Apr 2011	Message Posted: Apr 28, 2012 12:51:38 PM Ignore dorisntx Report Abuse ok
Venzadriver Champion Author Florida Posts:1,325 Points:366,515 Joined:Dec 2010	Message Posted: Apr 28, 2012 11:47:33 AM Ignore Venzadriver Report Abuse Let's switch to algae-based bio-fuels and be done with it.
OHMS Champion Author Orange County Posts:13,860 Points:1,717,570 Joined:May 2005	Message Posted: Apr 28, 2012 11:36:02 AM Ignore OHMS Report Abuse Exxon could only use the blow down method if it can prove to the oil and gas commission that it won't waste the resource questioned.html#storylink=cpy