Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.
Tue, 05/25/2021 - 11:33am
A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil. (Image/Courtesy/Pantheon Resources)
The leaders of a small British explorer insist they have struck an oil accumulation measured in the billions of barrels that is also conveniently located alongside the Dalton Highway.
Pantheon Resources intersected two reservoirs near the bottom of its Talitha-A exploration well that, combined, likely hold roughly 1.4 billion barrels of recoverable light oil and more than 12 billion barrels of oil in place, according to Technical Director Bob Rosenthal.
It took several months of educating and vote wrangling, but President Joe Biden signed the Alaska’s congressional delegation’s legislation on May 24 to salvage the latter half of this year’s cruise ship season, in Southeast, at least.
Official work to finish the state’s 2022 fiscal year budget has slowed and it doesn’t appear lawmakers will give Gov. Mike Dunleavy’s plan to overhaul the Permanent Fund and constitutionalize the dividend much time in the coming weeks.