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Consultants suggest possibly revisiting Cook Inlet credits

...projected to pay about $100 million more in oil and gas production credits this year than it collects in production taxes...no oil production taxes and a low, fixed rate on gas production. The report said a pre-2006 tax regime largely...

http://peninsulaclarion.com/news/2015-01-29/consultants-suggest-possibly-revisit
News
Revenue officials explain tax credit issue flagged by Walker

...gas fields in Alaska.Walker earlier this month said the state stood to pay out about $100 million more in oil and gas production credits than it takes in in production taxes this year and about $400 million more next year. He referenced the...

http://peninsulaclarion.com/news/2015-01-26/revenue-officials-explain-tax-credit
News
Legislature gavels in

...strongly worded opinion piece this month in which Walker said Alaska is expected to pay out $100 million more in oil and gas production credits than it takes in in oil taxes this year, Walker said he is not planning to reopen the oil tax debate.He...

http://peninsulaclarion.com/news/2015-01-20/legislature-gavels-in
News
Walker: Nothing off the table in Alaska budget talks

...earnings reserve account.Increases in statewide costs, such as pension system payments, debt service, and oil and gas production tax credits, account for a large portion of the increases in the operating budget over the last nine years, the...

http://peninsulaclarion.com/news/2015-01-19/walker-nothing-off-the-table-in-alas
News
BlueCrest to partner with WesPac for Anchor Point natural gas

...a long time and Cook Inlet is going to need gas within a few years."BlueCrest Energy's plan is to install two gas production plaforms, the first in 2017 and a second in 2017.This spring BlueCrest hopes to begin drilling from onshore, with...

http://peninsulaclarion.com/news/2015-01-10/bluecrest-to-partner-with-wespac-for
News
Voices of Alaska: The hard truth about our oil revenue

...that's Alaska's situation. The state's oil and gas production tax is expected to bring the state $524 million in...625 million to producers through various oil and gas production credits. Subtract that from $524 million in production...

http://peninsulaclarion.com/opinion/2015-01-08/voices-of-alaska-the-hard-truth-a
Opinion
Gov: Unsustainable for tax breaks to exceed oil tax revenue

...in solid analysis. We're in the analysis phase right now."According to the state Revenue Department, oil and gas production taxes yielded $2.6 billion for the state in 2014. Those taxes are estimated to total $524 million this fiscal...

http://peninsulaclarion.com/news/2015-01-08/gov-unsustainable-for-tax-breaks-to-
News
Rich Lowry: The drilling bonanza

...oil production. The Marcellus Shale in Pennsylvania alone, he writes, has added another Iran to world natural-gas production.Perhaps President Barack Obama can be forgiven for not understanding the consequence of this, given his attenuated...

http://peninsulaclarion.com/opinion/2014-12-10/rich-lowry-the-drilling-bonanza
Opinion
Alaska faces $3.5 billion deficit amid lower oil prices

...2017, up from the forecast 509,500 barrels per day for the current fiscal year.The expected drop in the oil and gas production tax is sharp, from $2.6 billion last year to about $520 million this year. The tax is expected to bring in about...

http://peninsulaclarion.com/news/2014-12-10/alaska-faces-35-billion-deficit-amid
News
Senate candidates share their views

...feasible development due to high energy costs. In addition to assisting in the growth and diversification of oil and gas production, responsible mining, renewable timber production, fisheries and tourism, we need to find our way back to our Alaskan...

http://peninsulaclarion.com/opinion/2014-10-30/senate-candidates-share-their-vie
Opinion

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