On Tuesday Alaska state Commissioner of Natural Resources, Tom Irwin, announce that that Exxon Mobil Corp and its partners will be issued two key permits to allow for the drilling of wells at Point Thomson. The leases were previously granted and then revoked due to non-performance. Point Thomson has an estimated 8tcf of gas along with 200 million barrels of liquid condensates. These were discovered back in the 1960s and 1970s but were left undeveloped because of the lack of a gas pipeline and also due to some technical issues with the gas reservoir. more »