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Kenai Peninsula residents involved with Walker transition team

...Governor-elect Walker has raised the issue that he certainly realizes that he'd rather not come into office looking at $75 a barrel oil and $3 billion in deficits, but at the same time, that's what the status is. That's why you bring people into...
Citizens petition for voter referendum on oil tax change

...120 per barrel is assumed, the revenue loss climbs to $800 million. Similarly, in fiscal year 2018, if a $100 per barrel oil price is used the adverse revenue effect if $375 million. If $120 per barrel is assumed, the adverse effect is...
Industry, Revenue challenge Senate oil plan

...change. That means at $120-a-barrel oil, Alaska would lose $2 billion in...problem for companies at $100-a-barrel oil and that the focus should be on adjusting...companies using more than $120-a-barrel oil to plan projects. Charts done by...
Olson's committee pushes for substitute

...original bill after barrel of oil reached the $78-$80 range. For example, under the current PPT law, $87-per-barrel oil generates $4.026 billion. The original ACES bill would have garnered $4.538 billion at that price, while the...
Senate unveils oil tax plan

...intended to stay fairly constant. Analysis presented by legislative consultants PFC Energy on Tuesday ran up to $200-a-barrel oil. North Slope crude ended Monday at about $122 a barrel. According to a fiscal year 2013 snapshot by PFC Energy, total...
Is special session necessary?: PPT producing more state revenues, helping independent producers

...replace the PPT. The governor's proposal would increase the total government take to 68 percent, based on a $60/barrel oil price and would make Alaska's tax rate the highest in North America and among the highest in the world. Maybe I'm...
Chenault: Oil tax session might extend for the 22.5-percent compromise in 2006. "But at the time I don't think any of us predicted $90-a-barrel oil, so I certainly think the progressivity issue is an issue that needs to be addressed." Progressivity refers to legislative...
Senate passes oil tax bill

...take would be around 64-66 percent for new field production at various cost-to-produce scenarios at $120-a-barrel oil. Under the current tax structure, government take at the same price point and scenarios would be 77-78 percent...
BP works to reassure Alaska boost productivity - not cut budgets, he stressed - so that the company is "cash flow neutral" at a $50 per-barrel oil price. That means revenues would cover the company's expenditures for operations, maintenance and renewal of infrastructure...
Lawmakers assay their first month

...Kurt Olson, R-Soldotna, said he has another big concern about the next budget. "It's based on $72-per-barrel oil," he said. "We are now at about $90 per barrel, but it sure wouldn't take much to drop us into a deficit position...


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