Point Thomson Settlement

On March 29, 2012, the State of Alaska settled its litigation with ExxonMobil and other leaseholders regarding the Point Thomson field on the North Slope.

Point Thomson, located 60 miles east of Prudhoe Bay, is Alaska's largest undeveloped oil and gas field, holding an estimated 8 trillion cubic feet of natural gas and hundreds of millions of barrels of oil and gas liquids. ExxonMobil is the unit operator at Point Thomson, with BP, ConocoPhillips and Chevron holding the majority of the leases.