Some Point Thomson lawsuit settlement terms to be modified Receive daily email alerts, subscriber notes & personalize your experience. Register Now BP agreed to terms previously; ConocoPhillips still in talks ExxonMobil has agreed on terms and conditions for the sale of its 13.8 Tcf of natural gas resources in the Prudhoe Bay and Point Thomson fields of Alaska’s North Slope to Alaska Gasline Development Corp., the state-owned entity leading development of the Alaska LNG Project, state and AGDC officials announced Monday. The agreement follows a similar commitment of gas to the LNG project made last May by BP, also a major North Slope gas owner. State Commissioner of Natural Resources Andy Mack said the two agreements commit 22.7 Tcf to the LNG project, the majority of the about 32 Tcf of gas identified on the slope. The figures include the state’s royalty share of gas, which […]