Alaska oil regulators deny Exxon petition

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    JUNEAU, Alaska — The state of Alaska has denied a petition from Exxon Mobil seeking permission from regulators to form a new oil and gas unit at Point Thomson.

     

    Exxon this week asked the Alaska Oil and Gas Conservation Commission to unite the leases of different companies within the Point Thomson oil and gas field so it could be developed, the Anchorage (Alaska) Daily News reported Wednesday.

    Denying the request, commissioners said granting a new unit to Exxon would “clearly and directly collide” with the Alaska Department of Natural Resources’ decision to dismantle the unit.

    The newspaper said the state Department of Natural Resources disbanded the unit because Exxon and its partners had not developed the oil field since discovering it more than three decades ago.

    www.upi.com

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