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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...
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
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...
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...
House Finance releases latest oil tax proposal $100 oil and 30 percent at $120 oil, according to an analysis from the consultant, Barry Pulliam. For higher royalty oil that gets the 30 percent gross revenue exclusion, the effective tax rate would be about 11 percent at $100 oil and...
Alaska Legislature enters last scheduled weekend debating oil taxes

...exclusion would be about 25 percent at $100 oil and about 30 percent at $120 oil. The effective tax rate for higher royalty oil that gets a 30 percent gross revenue exclusion would be about 11 percent at $100 oil and 14 percent at $120 oil...
Kansas firm negotiating with Williams

...state is negotiating with a potential buyer of state royalty oil for use at the Williams refinery in North Pole, Gov...representatives of Flint Hills and Williams to discuss the royalty oil contract for the refinery, which delivers about 70...
State makes tentative deal to buy North Pole oil refinery

...regulatory approval. An agreement with the state to buy royalty oil will allow Flint Hills to close the deal, said company...for five one-year contract extensions. The Alaska Royalty Oil and Gas Development Board will meet next Tuesday to consider...


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