This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
Alaska Relinquishment Provision - Exploratory Well
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US-OG-717
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JUNEAU, Alaska (AP) ? A federal judge on Thursday upheld the Biden administration's approval of the Willow oil-drilling project on Alaska's remote North Slope, a massive project that drew the ire of environmentalists who had accused the president of backpedaling on his pledge to combat climate change.
The case for drilling is straightforward. Alaskan oil would help to reduce U.S. dependence on foreign sources subject to disruptions caused by the volatile politics of the Middle East. Also, most of the infrastructure necessary for transporting the oil from nearby Prudhoe Bay to major U.S. markets is already in place.
Conservationists said that oil development would unnecessarily threaten the existence of the Porcupine caribou by cutting off the herd from calving areas. They also expressed concerns that oil operations would erode the fragile ecological systems that support wildlife on the tundra of the Arctic plain.
The climate and environmental impacts of Willow Once passed, the 1.5 degree-tipping point would precipitate a cascade of devastating effects, including rising sea levels and extreme heat waves, that could lead to millions of deaths worldwide by the end of the century.
Oil Spills: On average, spills from platforms, pipelines, tankers, and coastal facilities release 157,000 barrels of oil every year. This poses an unjustifiable risk to the Bay, our coasts, and the economy. Toxic Pollution: Normal offshore drilling operations release toxic pollution into the air and water.
As the climate crisis warms the Arctic more than twice as fast as the rest of the world, we have a responsibility to protect this treasured region for all ages,? Biden said in a statement. His actions ?meet the urgency of the climate crisis? and will ?protect our lands and waters for generations to come,? Biden said.
Unpredictable ice conditions, and months of darkness mean there's no easy way to keep an oil spill from damaging ecosystems and wiping out wildlife. That's a big concern because there is still no proven way to clean up a spill in the Arctic's frigid waters.
On November 9, 2023, U.S. District Court Judge Sharon Gleason upheld the Biden administration's approval of the Willow project and rejected claims by an Inupiat group and environmentalists against it. Earthjustice, one of the organizations bringing the lawsuit, has announced its attention to appeal the decision.
