ANCHORAGE, Alaska – ConocoPhillips (NYSE: COP) Alaska announced that funding has been approved for developing the Nuna project from the 3T drillsite in the Kuparuk River Unit (KRU). ConocoPhillips acquired the Nuna acreage in 2019 from Caelus, who had already constructed the gravel road and pad for drillsite 3T. Project construction activities will begin this […]
Anchorage – On Monday, Rep. Les Gara (D-Anchorage) filed detailed public comments showing the Nuna oilfield will receive significant, and possibly excessive, tax breaks under little-known provisions in S.B. 21. The Parnell Administration, in its waning two weeks, proposed a roughly $40 million reduction in the royalties Nuna’s current owner, Caelus Energy, would owe Alaskans. The Parnell […]
Anchorage – Thursday, Representative Les Gara (D-Anchorage) asked the Parnell Administration to hold off on a controversial proposal for tens of millions of dollars in additional tax reductions on a North Slope oilfield. Last week Governor Parnell’s Commissioner of Natural Resources announced his proposal to reduce the 12.5% royalty on the Nuna oilfield by over 50%. The proposed […]