Modeling shows new Alaska oil field marginally economic; tax rules strongly shape state and producer returns Department of Revenue lifecycle modeling shown to the Senate Finance Committee used a hypothetical 500‑million‑barrel field and found a producer internal rate of return of about 13.1% and roughly $6.7 billion of state revenue over the project life; results vary materially between ACES and current law (SB 21) and depend on the gross value reduction and price paths.

Alaska's new oil field could generate $6.7 billion in state revenue, but tax rules could make or break the profits for producers—find out how!

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#AK #EnergyPolicy #EconomicModeling #AlaskaOil #CitizenPortal #TaxReform

Another #DerangedDon failure.. #AlaskaOil

Senate committee examines Gross Value Reduction: temporary benefit or loophole? Department of Revenue staff told senators GVR (20% or 30% deduction plus a $5/barrel credit) is a temporary incentive for new fields; the department found the 20% vs 30% distinction has minimal revenue effect but the $5 per-barrel credit (the 'soft floor') drives larger revenue consequences in certain price/cost environments.

The Senate Finance Committee is diving deep into the Gross Value Reduction, questioning whether this temporary tax holiday for oil producers is truly beneficial or just a loophole.

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#AK #TaxPolicy #AlaskaOil #CitizenPortal #EconomicIncentives #RevenueEffect

Santos tells Alaska House panel Pika phase‑1 is nearly complete; first oil expected by March Santos told the House Resources Committee that its Pika project on state land is in commissioning, about 98% complete, and expected to deliver first oil by the end of the first quarter; company projected phase‑1 production at about 80,000 barrels per day and emphasized Alaska hiring and local contracting.

Santos is on the brink of a major breakthrough with its Pika project, poised to deliver first oil by March and set to boost Alaska's economy with an impressive $500 million contribution to state revenues!

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#AK #EconomicDevelopment #EnvironmentalSafety #LocalHiring #AlaskaOil

‘Erasure of years of work’: outcry as White House moves to open Arctic reserve to oil and gas drilling US Bureau of Land management is working to rapidly strip protections to largest tract of land in the US

www.theguardian.com/us-news/2025... #climatechaos #alaskadrilling #nomoreoilandgas #climateemergency #climatecrisis #alaskaoil #alaskagas #trump #usbureauoflandmanagement

The Trump admin has rescinded Biden-era limits on drilling in Alaska’s National Petroleum Reserve, reopening 10.6M acres to industry. Interior calls it a return to NPR-A’s core mission: energy production, not obstruction.

#AlaskaOil #EnergyPolicy #NPR-A

oilprice.com/Latest-Energ...

Alaska’s Oil Reserves: The Untapped Power Behind America’s Security Why Alaska’s Oil Reserves Could Be the Key to America’s Security Discover why Alaska’s vast oil reserves could play a

Why Alaska’s Oil Reserves Matter for America’s National Security

#AlaskaOil #EnergyIndependence #NationalSecurity
#OilAndGas #AmericanEnergy #USPolitics #EnergyPolicy
#Geopolitics #SecureAmerica #DomesticProduction

Bardic news brief for June 3, 2025. #SouthKoreaElection #ECB #EurozoneInflation #GoldPrices #USIndiaTrade #AlaskaOil #OECD #GlobalEconomy

In the state with the fourth-largest proven reserves of oil and gas in the U.S., there is a looming energy shortage. #ISER_Alaska #AlaskaEnergy #AlaskaOil tinyurl.com/6pb9reuw

Alaska Legislature approves Marathon Petroleum royalty oil sale agreement Legislature ratifies royalty oil sale to Marathon, boosting state's revenue and refining industry.

Alaska is set to boost its economy by millions with a new oil royalty agreement that promises significant returns and supports local jobs!

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#AK #AlaskaOil #EnergySecurity #CitizenPortal #JobCreation #EconomicGrowth

Alaska royalty board endorses new oil sales contract with Marathon Royalty board recommends adoption of Marathon's 10-year oil sales contract following review.

Alaska's economic future is on the line as lawmakers discuss a pivotal oil sales contract with Marathon that could reshape revenue streams for years to come.

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#AK #EconomicStability #ResourceManagement #CitizenPortal #AlaskaOil #ContractReform

Alaska reports $4-$6M annual gains from RIK oil contract with Marathon State anticipates significant revenue increase from negotiated RIK oil sales to Marathon

Alaska is set to boost its revenue by an impressive $4 to $6 million annually through strategic oil sales, benefiting both the economy and local jobs!

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#AK #EconomicDevelopment #JobCreation #ResourceManagement #CitizenPortal #AlaskaOil

Alaska outraged at federal oil lease sale setup being 'fitting finale' for fossil fuel-averse presidency

Multiple top Alaskan officials are expressing outrage at the way the Biden administration is orchestrating its final congressionally mandated leasing...

#AlaskaOil #ANWR #BidenAdministration #EnergyPolicy #IndigenousRights