State rejects Exxon Mobil's latest proposal to develop Point Thomson
Published Tuesday, April 22, 2008
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Stumble It!The state of Alaska today rejected Exxon Mobil's latest plan to develop the giant Point Thomson natural gas field.
Resources Commissioner Tom Irwin found Exxon's proposed 23rd development plan was not in the best interest of the state and ordered the Point Thomson unit terminated.
"In light of the history of this unit, I did not trust the appellant's commitment to follow through with their 23rd plan of plan of development," Irwin said in a prepared statement.
The state has been wrestling with Exxon over Point Thomson for years -- at least four governors have contemplated evicting the Irving, Texas-based supermajor and its partners for failing to develop the field despite holding onto some of the leases for 40 years.
Exxon's critics accuse the company of focusing on developing its foreign gas prospects while warehousing the gas at Point Thomson.
Point Thomson is estimated to hold about a quarter of the North Slope's 35 trillion cubic feet of natural gas reserves and is considered a cornerstone of any future Alaska gas pipeline project. The field, located 60 miles east of Prudhoe Bay, is also believed to contain 300 million barrels of oil.
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THANK YOU!!! Commissioner Irwin. Now it is time for ALASKA to consider the prompt development of the Point Thomson oil and gas field for the benefit of ALL ALASKANS.
I am humbled that the commissioner has taken the oppropriate action against the holder of the point thomson leases.
All I can say is THANK YOU.
GREAT JOB, MR IRWIN!!! NOW LETS LET GOVERNOR PALIN AND CREW GET TO WORK ON DEVELOPING PT. THOMPSON TO BENEFIT US ALASKANS. HOW LONG CAN WE KEEP PAYING $3.80 AT THE PUMPS AND MORE FOR OUR FUEL OIL? THE MONEY PUT IN FUNDS FOR ALTERNATIVE ENERGY IS A GREAT START.
Let's take back the lease and build our own gasline. 35 TRILLION cubic feet would serve the needs of Alaska for decades to come.
Tom Irwin and Governor Palin deserve a lot of credit for making this common sense decision.
It's like this: A guy has beaten his wife 22 times in a row. Each time he promised that he'd reform. Each time he lied. Exxon is like that wife beating coward. Exxon is a corporate psychopath that has lied to Alaska over and over- 22 times- and is not to be trusted.
This is a key step to move Alaska forward- getting these multinationals who abuse Alaska's laws and our hospitality out of our way.
Thanks Tom!
I agree! THANK YOU Tom Irwin. We can still negotiate with Exxon, as long as the negotiations keep the interests of Alaskans the primary goal.
I wrote my post before I read 5050's comment. He/she may be right it's hard to negotiate with a liar.
Good article in the ADN today about "ENSTAR SUBMITS COOK INLET CONTRACTS".
Where is the Regulatory Commission of Alaska when it is considering other parts of ALASKA?
"The new contracts avoids pricing mechanisms---particularly tying the Alaska price to Lower 48 prices..." If that reasoning is good enough for Anchorage then why hasn't it applied to Fairbanks and rural Alaska?
The big three can be negotiated with, however not on promises... get it in writing and enforce those obligations.
The people of alaska arent in a mood anymore to stand by and allow these gross actions to continue, times are a changin.
I predict the Supreme Court rules against Exxon.
I expect the price of oil to spirol out of control.
I hope Alaska has good fishing and a moderate fire season.
Thank God it is spring.
Good job Alaskans! Now bring on the All route.
........poor Exxon, poor poor Exxon..
'tis a pity your name sounds like your cousin Enron.
But alas don't abandon hope,
because you're getting kicked off th' Slope.
Tough love we hope you realize,
will get you a huge consolation prize.
So, enough with th' cussin' and fightin'
because we'll send your tiger off to Titan.
From there you can let 40 more years pass,
contemplating your new treasure chest of gas.
http://news.bbc.co.uk/1/hi/sci/tech/7350...
...ciao! Tony!
Seems unanimass,
our Gov kicks some gas.
31 years nearly to the day,
Ixxon got some dues to pay.
And that don't count Prince William Sound,
The day their credibility Drowned.
31 years Pt Thomson lay,
Three decades now, it's OUR wayyyyyyy.
Damn, it's good to see Alaska being Alaska again.
Run Sarah, run.
Just go, go , go.
We done good getting her in there.
Oh Goodie! Now maybe we all can bonk our frozen noggins together and figure out how to toss a quickie 3"LPG-gasline south over the Brooks from Pt.Thompson to Arctic Village...
...so I woke up with another silly idea this morning, the LPG-gasline starts out as a 1-1/2"RTP-gasline 1500psi.,
halfway up the pass it becomes a 3"-255psi-LPG-gasline,
at the top of the pass it becomes a 6" 80psi propane-gas-line,
then for the last 50miles it runs as a 8" 40psi propane gas-phase-line.
[ I wonder if I could get that to work without any pumps? Would it percolate over the hill on its own? ..of course this thought needs a lot more fine tuning ]
...hmmm, by cascading the 10k-psi gas down through a matrix of vortex-tubes and disc-turbines we get a self-propelled gas-processor.
At 2000psi we get clean separated gasses.
http://www.universal-vortex.com/
....mmm, handpicked jungle-grown Costa Rican coffee this morning,yeah!
Article Error:
300 million barrels of LIQUIDS ...
... only 50 million of Oil.
Rest is Propane, Ethane, etc. Source: FERC (Federal Energy Regulatory Comission)
... Exxon's Plan works out to a cost of $63/barrel for a 15% return on the Capital investment (operation, tolls extra).
Oil is only 3% of total, by # BTUs.
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