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...producing fields.However, the companies say the new version of the tax doesn't solve the problem of higher taxes at lower oil prices. The Senate Finance committee, which now has the bill, is wrestling with how to assemble the various elements of...
...Finance Division report offers a sobering look at the state's fiscal situation amid declining oil production and lower oil prices. It was released a day before the start of the new legislative session.The price of oil would have to be an estimated...
...incentives for legacy fields to offset the high cost of operating in Alaska and would constitute a tax increase at lower oil prices.Jepsen, vice president of external affairs, said his company would invest more in Alaska in the right environment...
...makes an enormous difference in a company's investment decisions. BP's history is a good example. During years of low oil prices (and low taxes), it failed to make adequate investments in its flow lines on the North Slope, which led to an enormous...
...construction in 2008-09 and development drilling in 2009-10. In January, Pioneer put off a 2009 appraisal because of low oil prices. Andrew Waite can be reached at andrew.waite@peninsulaclarion.com.
...barrel would only extend the life of the state's savings account by about 18 months, said Condon. ''Higher or lower oil prices could move the end date into 2005 or 2003, but realistically, we know we're getting dangerously close to the end...
...Reserve-Alaska, she said, located west of Kuparuk and Prudhoe Bay. In addition, the company took the current low oil prices into consideration when putting next year's budget together. While spending will decrease in 2002, Phillips has...
...tax Knowles proposed in his 1999 State of the State speech failed to win a single vote in the Legislature even though low oil prices threatened to drain the reserve within three years. Later that year, the Legislature's proposal to fill the gap...
...goes. Those 13 companies employed 4,532 people and paid $422 million in payroll in 1999, a year of cutbacks and low oil prices, according to the study. In the same year, the companies spent $1.7 billion on various goods and services in...