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Court grants request to drop Point Thomson review

Posted: March 30, 2012 - 12:06am

JUNEAU — The Alaska Supreme Court on Thursday granted a request by the state and energy companies to drop its review of a case involving disputed leases on the Point Thomson gas fields.

Exxon Mobil Corp., which operates the Point Thomson unit, and other interest-owners — including BP Exploration Alaska, ConocoPhillips Alaska and Chevron U.S.A. Inc. — joined the state in asking that the review of the case by the high court be dropped.

The timing is important: Gov. Sean Parnell set an end-of-quarter deadline for the North Slope’s major players — Exxon Mobil, BP and ConocoPhillips — to coalesce behind a major natural gas pipeline project. One of the big obstacles to that happening was settlement in the long-running Point Thomson lease case. The leases are seen as critical to the fortunes of a gas pipeline long sought in Alaska.

The end of the quarter is Saturday.

There was no immediate word about any possible settlement either in the request for dismissal or the supreme court’s order. An Exxon Mobil spokesman, David Eglinton, refused comment, saying he “cannot confirm anything.” BP Alaska spokesman Steve Rinehart also declined comment. There was no immediate comment from the state.

In October, Gov. Sean Parnell said the state had reached a settlement with Exxon Mobil but other interest-owners still had to sign off. At the time, Rinehart said his company and other owners asked to be involved in settlement talks but were not allowed. Rinehart also said the proposed agreement is complex.

In his State of the State address in January, Parnell called on the parties to resolve the case by Feb. 8 — the date for oral arguments before the supreme court — or he said the state would go before the court to “fight for Alaska’s interests.” Arguments were held, with Alaska’s procedures for dealing with companies that buy leases — but don’t develop them — debated.

An attorney for Leede Operating Co. LLC joined the state and other companies in signing the dismissal request.

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AK1st
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AK1st 03/30/12 - 10:43 am
1
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22 failed development plans

22 failed development plans and Parnell drops a winning case. Parnell never ceased being Exxon's lawyer. Unfortunately he is costing the State billions. Maybe we should offer him $5 million to quit like his predecessor. He gets his house in Palm Springs and we get a real governor instead of an oil lobbyist. The State would be way money ahead.

jmacinak
397
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jmacinak 03/30/12 - 12:25 pm
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..a settlement out of court

..a settlement out of court leaves the state a sovereign, and gets PT gas (Alaskan gas) committed to any gas pipeline. This doesn`t include aligning on any particular gasline proposal. Hence HB9. They tried to skin us. Hope they fail.

daffy
1015
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daffy 03/30/12 - 03:31 pm
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There was a Settlement

The Wall Street Journal is reporting a settlement.

"Exxon Mobil Corp., BP and ConocoPhillips settled a long-running dispute with Alaska that paves the way for a pipeline project to ship natural gas from the North Slope, unleashing the state's massive gas reserves.

The settlement between the state and the companies lets them keep their leases in the Point Thomson field, located east of the huge Prudhoe Bay field, in exchange for the promise to begin production by May 2016 at the latest. "

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