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Approval of Arctic drilling comes just before Obama's visit

...to stem criticism from congressional Republicans and industry officials who have often accused it of hindering oil and gas production on federal lands. At the same time, the go-ahead has upset a key base of his support."It's perplexing...

http://peninsulaclarion.com/news/2015-08-18/approval-of-arctic-drilling-comes-ju
News
Miller Energy, two execs, charged with inflating the company's value

...prepared by an independent petroleum engineer firm. While those reports are generally used to estimate future oil and gas productions, the numbers used in those reports are not considered accurate estimates of fair market value, according to...

http://peninsulaclarion.com/news/2015-08-06/miller-energy-two-execs-charged-with
News
BP, ExxonMobil seek more Prudhoe gas

...sold from the North Slope field.The AOGCC, a quasi-judicial state regulatory commission with oversight of oil and gas production practices, has set a public hearing date of Aug. 27.In 1977, the commission set a limit on Prudhoe Bay gas...

http://peninsulaclarion.com/news/2015-08-02/bp-exxonmobil-seek-more-prudhoe-gas
News
Senators using budget to put heat on administration, EPA

Alaska's senators outlined their plans to continue to fight on resource and environment issues on which they say the Obama administration is overstepping its boundaries at the 40th annual Resource Development Council for Alaska meeting June 30. Sen.

http://peninsulaclarion.com/news/2015-07-05/senators-using-budget-to-put-heat-on
News
Walker seeks input to balance budget

...like those on fuel, fish or alcohol, don't really general significant new revenue. Increasing state taxes on oil and gas production won't move the needle much, either, Hoffbeck said.The only tool that can be implemented quickly is some form...

http://peninsulaclarion.com/news/2015-06-04/walker-seeks-input-to-balance-budget
News
Voices of Alaska: State's financial dialogue must continue

...Alaska's fiscal situation.Under Alaska's oil and gas production tax system, an oil and gas company may receive...There are other tax credits under the current oil and gas production tax system that lower taxpayers' obligations...

http://peninsulaclarion.com/opinion/2015-07-14/voices-of-alaska-states-financial
Opinion
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
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

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