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State geologists raise estimates for Inlet gas reserves

...regional gas utility, consume about 90 billion cubic feet of gas yearly, and the remaining gas is used as fuel on oil and gas production platforms and by Tesoro, which owns a refinery at Nikiski. "The 90 billion cubic feet a year of demand does...

http://peninsulaclarion.com/news/2015-02-25/state-geologists-raise-estimates-for
News
BLM clears way for petroleum reserve development

...The U.S. Bureau of Land Management issued a final decision Friday that it said will open the way for the first oil and gas production from federal lands in the National Petroleum Reserve-Alaska.The decision is a shift from the alternative that...

http://peninsulaclarion.com/news/2015-02-14/blm-clears-way-for-petroleum-reserve
News
Inlet rebound comes at cost to state during price plunge

The turnaround in Cook Inlet oil and gas production in recent years is one of the big success stories for Alaska. It has come at a hefty expense, however, to the state treasury...

http://peninsulaclarion.com/trends/2015-02-23/inlet-rebound-comes-at-cost-to-sta
Trends
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...

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
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...pay $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

...rooted 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
Consultants suggest possibly revisiting Cook Inlet credits

...when Gov. Bill Walker wrote an opinion piece that said Alaska is projected to pay about $100 million more in oil and gas production credits this year than it collects in production taxes.State revenue officials have said the $625 million in...

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

...and 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
Alaska faces $3.5 billion deficit amid lower oil prices

JUNEAU (AP) - Slumping oil prices have helped push Alaska's potential budget deficit this year to $3.5 billion - an increase of $2.1 billion from what lawmakers expected in April.

http://peninsulaclarion.com/news/2014-12-10/alaska-faces-35-billion-deficit-amid
News

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