Wednesday, January 28, 2009

Pt. Thomson - A Temporary Reprieve

Maybe there's enough time to get some work done this winter: (LINK)

Natural Resources Commissioner Tom Irwin announced he has "conditionally reinstated" two of the leases at Point Thomson, an oil-field unit that once encompassed more than 100,000 acres (40,000 sq km) and 45 individual leases.

"In my interim decision, I made clear to Appellants that I will hold them to their unconditional commitment, made under oath, to drill and produce from these wells and that failure to abide by their commitments will result in the automatic termination of these leases according to the lease terms," Irwin said in a statement.

This is good news in terms of putting folks to work now and setting the stage for a successful open season for the Alaskan Gas Pipeline in 2010.

(Link to DNR Announcement)

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