ANCHORAGE, Alaska (AP) - Early results indicate Alaska's new petroleum-tax system will be spared an early death by referendum. If the vote holds up, opponents vowed Wednesday to track promises its supporters made and pounce if they prove to be false. Ballot Measure No. 1 proposed a repeal of Gov. Sean Parnell's "More Alaska Production Act," approved last year as Senate Bill 21 and in effect since Jan. 1. As of Wednesday, the repeal was failing by almost 6,800 votes out of 153,164 cast but too close to call.
ANCHORAGE - Early results indicate Alaska's new petroleum-tax system will be spared an early death by referendum. If the vote holds up, opponents vowed Wednesday to track promises its supporters made and pounce if they prove to be false.
JUNEAU - The state has finalized rules to help determine what oil qualifies for special tax breaks under Alaska's new oil tax law. The law championed by Gov.
A low-profile state commission most Alaskans have never heard of helps keep the oil industry safe. Only rarely does the Alaska Oil and Gas Conservation Commission get into the mainstream news, and that's a good thing according to its three commissioners.
The Alaska Oil and Gas Conservation Commission began two days of hearings Thursday on proposed new regulations on hydraulic fracturing. The petroleum industry said they would be among the toughest in the nation, if adopted.
JUNEAU - The Alaska Legislature, on the last scheduled day of session Sunday, passed a multibillion-dollar oil tax cut in the hopes it will lead to more production.
While state lawmakers have been mulling changes to Alaska's oil tax system on the North Slope for the last several years, interest, exploration and production has been increasing in Cook Inlet.
A recent hiccup in oil production at two Cook Inlet platforms caused by a natural gas shortage has brought to light a question the local oil and gas industry might be forced to ask itself in the near future.
As Alaska lawmakers discuss looming gas shortages predicted by utilities, many on both sides of the gavel have made mention of how importing liquefied natural gas to meet immediate demand might affect the existing market and production levels in the future.
Peninsula Clarion ©2013. All Rights Reserved.