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...depth of 8,000 feet. Oil core samples will be taken to better understand the reservoir and shape a plan for future oil development. The company does not plan to flow test the oil formation, but it says gas zones that are identified will be tested...
...to commit to spending it here.I and others attempted sensible changes to ACES that would have required new Alaska oil development to earn reasonable breaks. But Governor Parnell and all 39 GOP legislators except two (Senators Stevens and Stedman...
...provinces are booming in North America and elsewhere, Alaska has been needlessly losing out.As we look toward new oil development in Alaska, we see that the current system creates a dilemma for the State. Since the State receives oil tax revenue...
...cited the "gross revenue exclusion" element of Parnell's plan, under which 20 percent of the profits from new oil development would be exempt from the flat 25 percent production tax the governor is proposing - H.B. 72 would eliminate the...
...our nation's energy portfolio."We need to hear from Jewell herself, of course. What are her views on offshore oil development? What does she think about opening the coastal plain of the Arctic National Wildlife Refuge to oil and gas development...
...managing a vast petroleum reserve on Alaska's North Slope calls for a roughly 50-50 split between conservation and oil development plus accommodation for a pipeline that could carry offshore Arctic Ocean oil to the trans-Alaska pipeline.Interior...
...leaders in the oil industry "have urged lawmakers to lower the tax in order for the state to stay competitive in oil development." It seems the oil lobby has convinced some state legislators that it's a problem which needs fixing now. So...
...dividends and savings for future generations.TAPS delivers more than just dollars, however. There would be no oil development in Alaska without a way to get the oil to market, and oil production is a major jobs engine for the state. According...
...Obama administration was putting half of the 23.5 million acre National Petroleum Reserve-Alaska off limits for oil development. Again, for emphasis: The administration is putting a large portion of the petroleum reserve off limits for the...
...The documentation this summer of killer whales and an endangered species, the short-tailed albatross, in the Arctic highlights that the region should be protected as a marine sanctuary, not opened for oil development, he said.