This Day in Alaska History-January 22nd, 1902
Alaska Seeks Billions in Lost Revenues from Canceled Federal Oil and Gas Leases
(Anchorage, AK) – Tuesday the State of Alaska filed suit in the United States Court of Federal Claims seeking to recover lost revenues from nine canceled federal oil and gas leases covering lands on the Arctic National Wildlife Refuge’s Coastal Plain. This suit continues the State’s efforts to hold the federal government accountable for the […]
ConocoPhillips Makes More Profit in Alaska Than Anywhere Else in the World in 1st Quarter of 2023
JUNEAU – Today, Sen. Bill Wielechowski, D-Anchorage, released the findings of a research report reviewing profit data recently released by ConocoPhillips. The legislature’s non-partisan research division found that in the first quarter of 2023, Alaska was the most profitable geographical area in the world for ConocoPhillips on a per barrel of oil equivalent (BOE). ConocoPhillips’ […]
Senate Rules Committee Introduces Legislation to Fix Flaws in Alaska’s Oil Tax Structure
JUNEAU – The Senate Rules Committee introduced legislation Friday to fix several flaws in Alaska’s oil tax structure. Senate Bill 114 would level the playing field by having all oil producers pay the same corporate income tax rate as corporations at 9.4%. This would only apply after the first $4 million in annual net income. […]