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My turn: Pipeline pitfalls plentiful as state takes on larger role

...Legislature awarded a 27-year contract to Texas-based Alaska Petrochemical Company, selling them nearly all of our royalty oil. Three years later the company, known as AlPetCo, closed its doors and walked away, owing the state nearly $60 million...
My Turn: Open discussion needed on oil taxation

...government waste, like continued spending on the $6 billion Susitna-Watana Hydroelectric Project.Sure, Alaska gets a royalty, oil companies pay a small corporate tax and property taxes go mostly to local governments, but the production tax has...
Walker administration reviewing royalty relief proposal

...said reducing the company's royalty rates to 5 percent, for a limited time, is in the state's best interests.Royalty oil is the landowner's share of the oil, in this case, the state's share. It's often set at 12.5 percent. That...
Huna Totem president appointed by governor

...Huna Totem Corporation President and Juneau resident Larry Gaffaney was appointed by Gov. Sean Parnell to the Alaska Royalty Oil and Gas Development Advisory Board, the governor's office announced Wednesday.The board advises the Department...
Legislative roundup: Feb. 2, 2014

...Wednesday to extend the state's contract with Tesoro Refining & Marketing Company, LLC, for the continued sale of royalty oil. Tesoro owns and operates the Kenai refinery. "Across the state, Alaskans and many of our industries are impacted...
The 28th Alaska Legislature in plain English

...MONTHApril 2014 was Child Abuse Prevention Month.HCR 22IN-STATE REFINERIES;TAPS QUALITY BANKThe state should sell its royalty oil below cost to help Alaska oil refineries make money, and the state should clean up the pollution caused by those oil...
Gov. defends actions for oil refinery's future

...editorial board that the price the state sets for refinery "royalty" oil is under review.U.S. Sen. Mark Begich has said...He also said his administration negotiated a lower royalty oil price in 2012.Flint Hills completed its purchase of...
State | AK legislature
AOGCC keeps eye on safety, maximum recovery

...jointly-owned fields keep their full share of allocated production and that the State of Alaska gets its full share of state royalty oil, which is typically one-eighth or one-sixth of production depending on the lease.A new landscapeThe Gulf of Mexico...
Alaska Senate hearing looks at rising fuel costs

...explored is selling the state's royalty oil at a discount rate for in-state...Hills Refinery is the only buyer of royalty oil, which comes in slightly more...Division of Oil and Gas, said selling royalty oil at a cut rate just for in-state...
Big Oil has writer convinced he's wrong

...the corporate income tax (at least as it applies to oil production companies)? Why not give the oil companies our royalty oil? Surely, if they have to pay us nothing at all to take our oil, they will come running and create thousands of jobs...


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