Legal Opinion
Exxon Corp. v. State
Alaska Supreme Court
Decided October 12, 2001No. S-9164PublishedCited by 16 opinions
1Opinion of the Court
OPINION
CARPENETI, Justice.
I. INTRODUCTION
In 1988 Exxon discovered the Point Meln-tyre oil reservoir, a bonanza with an estimated value of $4,783,800,000. Now, Exxon and the State of Alaska dispute who will absorb $24 million in field costs associated with the reservoir based on their opposing interpretations of a contract, the Prudhoe Bay Unit Agreement. We conclude that the state has the discretion under the terms of the agreement to consider the public interest according to state law and to deny the expansion of the Prudhoe Bay Unit to include the Pt. Mclntyre reservoir. This conclusion is…
2Cases cited14 opinions
- E. I. Du Pont De Nemours & Co. v. TrainSupreme Court of the United States · 1977
- Bowen v. Public Agencies Opposed to Social Security EntrapmentSupreme Court of the United States · 1986
- Handley v. State, Department of RevenueAlaska Supreme Court · 1992
- Peterson v. WirumAlaska Supreme Court · 1981
- Mitford v. De LasalaAlaska Supreme Court · 1983
9 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Casey v. Semco Energy, Inc.Alaska Supreme Court · 2004
- Young v. EmbleyAlaska Supreme Court · 2006
- Estate of Polushkin Ex Rel. Polushkin v. MawAlaska Supreme Court · 2007
- AAA Valley Gravel, Inc. v. TotaroAlaska Supreme Court · 2009
- Alaskan Crude Corp. v. State, Department of Natural ResourcesAlaska Supreme Court · 2011
11 more not listed; retrieve them via the Exa API.