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Politics : Politics for Pros- moderated

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To: Brumar89 who wrote (283472)	1/28/2009 3:37:25 PM
From: Snowshoe	1 Recommendation Read Replies (1) of 793838

Sarah gets her drilling groove back... Exxon regains two North Slope leases POINT THOMSON: Truce over lockout lets drilling begin at 106,201-acre field. By WESLEY LOY, wloy@adn.com Published: January 27th, 2009 10:31 PM Last Modified: January 27th, 2009 11:54 PM A partial truce was reached Tuesday in the bitter legal battle for control of a rich but dormant North Slope oil and gas field, as state officials reversed course and gave Exxon Mobil Corp. permission to proceed with a drilling campaign. Exxon and its partners had been on lockout status after regulators took away their leases on state land in the 106,201-acre Point Thomson field due to lack of development over three decades. Hoping to hang on to its leases, Exxon last year rolled out a plan to drill wells this winter and start producing by 2014 -- a plan state Natural Resources Commissioner Tom Irwin rejected, saying he couldn't trust Exxon to carry it out. On Tuesday, however, Irwin made a major policy reversal, issuing a conditional decision allowing Exxon to keep two of the 31 leases at issue on the company's promise to start drilling a pair of wells into those leases right away. This morning, the state expects to issue Exxon a permit to construct a 50-mile ice road to the remote field on the Arctic Ocean shoreline east of Prudhoe Bay. The road is needed for hauling an enormous drilling rig to the site. The state previously had denied the permit to Exxon. The Irwin decision has huge impact. more: adn.com

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