landowner

How Is Development of the North Slope Coming Along?

This is from almost 3 months ago, but it seems the tax issues may have posed a threat of being a deal breaker. Any recent news?

http://www.alaskadispatch.com/news/energy/1255-exxon-wants-new-tax-...

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Oil & Gas ProPermalink Reply by Les Bamburg on September 12, 2009 at 3:25
Sesport, the discussions area progressing but don't look for any North Slope natural gas before 2020. A more realistic timing may be 2025.

landownerPermalink Reply by sesport on September 12, 2009 at 5:04
Okay, Les. Upside - North Slope gas won't be contributing to gas in storage anytime soon.
Downside - The markets that need North Slope gas will be waiting. Does this make them more inclined to rely on imported LNG?

best - :0)

Oil & Gas ProPermalink Reply by Les Bamburg on September 12, 2009 at 5:21
Sesport, not neccesarily as I believe the natural gas markets of North America will be primarily supplied in the interim by domestic natural gas sources.

landownerPermalink Reply by sesport on September 12, 2009 at 5:40
THANK YOU!!! Les. My glass is half full again.

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