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Latest Business News

Exxon Mobil Asks Court for Leases

Friday, December 29, 2006 5:48:10 AM
By STEVE QUINN

JUNEAU, Alaska (AP) - Exxon Mobil Corp. wants a federal court to overturn the state's decision to revoke its leases in the North Slope's Point Thomson oil and gas field.

In a court filing late last week, the company asked for the reversal or "in the alternative, to remand the matter to the commissioner with instructions to make a new and different decision."

Alaska Department of Natural Resources acting Commissioner Marty Rutherford has already reviewed the case once and late Wednesday backed the Nov. 27 decision by the former commissioner, Mike Menge.


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