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Feds finish draft of Arctic drilling document new draft uses an estimate of 4.3 billion barrels of recoverable oil from a large prospect and smaller satellite fields developed with Chukchi Sea leases over a 74-year time frame. The draft SEIS looks at exploration and development...
State to honor oil tax agreements

...structure for several North Slope satellite fields, Gov. Frank Murkowski said...that the state would group six satellite fields with the giant Prudhoe Bay field...development in Alaska. The six satellite fields had been paying little to no...
Outside editorial: Murkowski's oil tax appropriate

...recently ordered on Prudhoe Bay satellite fields. Neither has previously been...should pony up on the Prudhoe Bay satellite fields, it's certainly not because...combine Prudhoe Bay and its satellite fields for tax purposes, he said...
My Turn: Oil tax decision is part of state duty

...took in January to aggregate Prudhoe Bay and its satellite fields under a single taxation formula. I have tried to...producers' decision to consolidate the individual satellite fields into the Prudhoe Bay Unit. Setting aside the rhetoric...
Governor working in state's interest

...glad that Gov. Murkowski did his constitutional duty and called the right shot on combining Prudhoe Bay and its satellite fields for tax purposes. Many of us have felt that the Economic Limit Factor needed a bit of tweaking. I applaud the governor...
Oil industry cries foul at tax hike - or is it crying wolf?

...Department of Revenue said the satellite fields are operating interdependently...agreements preventing some other satellite fields from being aggregated like the...appeals for the six affected satellite fields if the companies can prove the...
Murkowski announces oil tax hike

...The affected areas contribute about 85,000 of the roughly 930,000 barrels produced daily in the state. The six satellite fields escape taxes under ELF because of the law's provision to lower the rate on declining fields and small discoveries...
Agency seeks funds to cover increased oilfield activity significant," Pourchot said. The new production came from Alpine, North Star and other recently developed satellite fields on the North Slope, he said. Along with new production, the Oil and Gas Division is seeing a jump in leasing activity...
Alaska editorials: Mining industry should work with state on tax rewrite

...The Murkowski administration in 2005, by administrative order, changed the tax calculation at Prudhoe Bay and its satellite fields, imposing a major tax increase on oil production. The governor wanted to show the industry that not talking about...
ConocoPhillips backs away from $1 billion budget budgeted last year. According to the budget announcement, the money would go for further development of small satellite fields near Conoco's large Alpine field on the North Slope. The company also said it planned to pursue development of...


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