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Shell says delays in Arctic drilling ‘highly unusual’
Bloomberg via Fuel Fix ^ | June 2, 2011 | Katarzyna Klimasinska

Posted on 06/02/2011 10:28:39 AM PDT by thackney

Bloomberg, link only, synopsis below

TOPICS: News/Current Events; US: Alaska
KEYWORDS: energy; northslope; offshore; oil
Shell has been blocked for about 4 years, into a ten year lease. They have been repeated denied their permits.

They are frustrated the government held a lease sale then won't allow the exploration to happen.

In my opinion, the same game is being played in the NPRA. Then Democrats include these acres in their claims about all the leased property that oil companies are not drilling.

1 posted on 06/02/2011 10:28:46 AM PDT by thackney
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To: thackney

But, but, there are more than a few on here who say it is all Sarah Palin’s ACES taxes that is discouraging drilling in AK.

2 posted on 06/02/2011 10:51:30 AM PDT by Sea Parrot
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To: Sea Parrot

Both are working against bringing more jobs and domestic oil production into the US.

The Foothills of the Alaskan Brook Range are on State owned land and much of the planned exploration there has been scaled back as well.

3 posted on 06/02/2011 10:59:53 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
Those leases only run for ten year? No doubt, they are of the common form, "If you don't drill in ten years, the lease reverts."

This really sounds nasty: take the lease money, bureaucratically delay drilling until it expires -- and get the land back...

What a scam!!

4 posted on 06/02/2011 12:07:18 PM PDT by TXnMA ("Allah": Satan's current alias...)
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Correct, they have 10 years to find oil.

If a discovery is made within the initial period of the lease, the lease is extended for as long as oil and/or natural gas is produced in paying quantities or approved drilling operations are conducted.


Some Gulf of Mexico leases are only 5 years, deep water tend to be 10 year.

5 posted on 06/02/2011 12:30:33 PM PDT by thackney (life is fragile, handle with prayer)
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