Producers 2019: Exxon pursuing two fronts

Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas

Kay Cashman

Petroleum News

Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh

One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production of the technically challenged condensates…. 

ExxonMobil’s ultimate goal was to develop and market Point Thomson’s 8 trillion cubic feet of stranded natural gas.

The future export of natural gas from the eastern North Slope field has always been the cornerstone of the state of Alaska’s vision for a North Slope gas export project….  (Read more here)

Below are links to US-Canadian efforts to commercialize Prudhoe Bay & Mackenzie Delta Gas, where ExxonMobil & its subsidary, Imperial Oil have been major players for over 50 years.  -dh

  • https://en.wikipedia.org/wiki/Mackenzie_Valley_Pipeline
  • https://northerngaspipelines.com/gas-pipeline-archives/northern-gas-pipeline-history/
  • https://www.cbc.ca/news/canada/north/mackenzie-valley-gas-project-no-more-1.4465997
  • http://arcticgaspipeline.com/News%20Archives.htm
  • https://www.theglobeandmail.com/report-on-business/imperial-led-consortium-calls-it-quits-on-mackenzie-pipeline-project/article37438666/
  • http://arcticgaspipeline.com/pipelinelinks.htm
  • https://www.ogj.com/pipelines-transportation/article/17253002/imperial-and-partners-study-mackenzie-delta-gas-pipeline
  • https://www.thecanadianencyclopedia.ca/en/article/mackenzie-valley-pipeline
  • https://www.hydrocarbons-technology.com/projects/mackenziegasproject/

BEWARE, ALASKANS: BOTAX IS TOXIC!

Glen Biegel

We encourage readers to keep track of a devastating voter initiative now underway in Alaska.  A selfish special interest group is sponsoring an oil tax increase petition.  Somewhat aggressive “dollar per signature” activists are standing in front of grocery storses and malls around Alaska, easily identified by the clipboards they are holding.  Like snake oil salesmen of old, they’ll shout at shoppers pleas like,  “sign here to make taxes fair and protect our schools”.   Most well intended citizens walking by are busy and tend to sign without reading the petition language that would, indeed, sccare many investors away from Alaska and kill Alaska’s economy.  As you might guess, one of the major, well-heeled special interests sponsoring the confusing change in state tax law — lawyers — would benefit from the resulting litigation and potential ‘big money” settlements.  We’ve dubbed this selfish attack on Alaska’s economy, “BOTAX”.  Read this earlier commentary on the subject by your author and highly respected radio talk show host, Glen Biegel.    -dh