Refine Search

ConocoPhillips executives address Kenai Chapter Alliance

Wendy King, vice president of external affairs for ConocoPhillips, and Bob Heinrich, ConocoPhillips vice president of finance, teamed up to address the Kenai Chapter of the Alliance last week at their regular monthly luncheon meeting at Paradisos Restaurant. Their purpose was to bring to a public forum information regarding the proposed oil and gas tax revisions pending in the state senate after being passed in the house. "ConocoPhillips strongly believes that there is more oil to be produced on the North Slope and more oil to be put into the TAPs line, but the challenge for us is that the oil up there is more challenging to produce these days and it costs more to get that oil out and right now the way the fiscal structure is set up we can't see the rewards to off set the risks of that production any longer. So from our point of view, understanding that we do see that it could be something different and we did align clearly with the Governor's vision of having one million barrels of oil a day in the pipeline in ten years and that's the message we're trying to get out that when you have a period of high oil prices that's, typically the time companies have the cash to invest back in the production fields. But right now when that happens in Alaska, the cash goes to pay taxes and that creates a challenge for increasing investment in these periods of high oil prices," said King.
KPEDD & The Alliance host Industry Outlook Forum

...Hall told the Alliance. Rick Fox, asset manager for Shell Alaska, also brought some glad tidings at a recent Kenai Chapter Alliance luncheon about their efforts to begin exploration in the Chukchi Sea saying, "We've been working steady and...
A New Day for Chevron in Alaska

...heard and excited about Chevron?s future investments in the Cook Inlet,? said Dan Grove, chairman of the Kenai Chapter Alliance. Wright reviewed Chevron?s history in Alaska which included a share in the original discovery of oil in Alaska...


  • 150 Trading Bay Rd, Kenai, AK 99611
  • Switchboard: 907-283-7551
  • Circulation and Delivery: 907-283-3584
  • Newsroom Fax: 907-283-3299
  • Business Fax: 907-283-3299
  • Accounts Receivable: 907-335-1257
  • View the Staff Directory
  • or Send feedback