The Bureau of Land Management announced on Wednesday that the National Petroleum Reserve (NPR-A) oil and gas lease sale generated $18.8 million, 50% of which, $9.4 million will be turned over to the state of Alaska. A total of 92 bids were submitted. According to BLM, “The sale offered 145 tracts comprising approximately 1.4 million […]
Oil explorers in the U.S. state of Texas say they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin. The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion. The find could be three times bigger than the state […]
[cycloneslider id=”fuel-cleanup”] (Hover over image to pause slideshow) Although the secondary tank carrying #11 Ultra-Low Sulfer diesel that rolled over in a ditch at mile 306 of the Richardson Highway on Labor Day has been pumped out and the tanker pulled out and removed from the scene, the Alaska Department of Environmental Conservation did not […]
On Thursday, Alaska’s governor, Bill Walker released his 201 State of the Budget Address to the people of Alaska at the end of session. Walker made known his proposal to balance the state budget with a combination of new taxes as well as oil tax reforms. The governor said that his administration considered both a […]