THE EXPLORERS 2007: Anadarko to drill first ANS gas well 11/18/2007
Has two rigs under contract, drilling 2 Brooks Range gas prospects, going back to finish Jacob's Ladder
Anadarko Petroleum and its partners in the Brooks Range Foothills, BG Alaska and Petro-Canada, plan to drill the first two natural gas exploration wells in northern Alaska this winter. Gas discoveries...

Industry less and less happy with ACES 11/18/2007
Companies tell Senate Finance that more taxes will lower, not raise, investment levels; bill includes more than two increases
Industry representatives were glum when they testified at Senate Finance Nov. 14. They'd had less than 24 hours to look through the committee substitute for Senate Bill 2001, the evolving bill that be...

House coalition passes 25% bill 11/18/2007
Senate Finance amends its CS from 22.5% to 25%, refuses to let Revenue write leasehold expenses regs, sunsets audit masters
The 30-day special session of the Alaska Legislature ends at midnight, Friday Nov. 16, more than a day after this issue of Petroleum News goes to print, with a nail biter of a finish expected. The is...

This isn't Amerada Hess 11/11/2007
Disputes under a net tax don't involve first impression issues; state the sovereign
One of the issues that raises concern with a net production tax is litigation - the possibility that disputes between the State of Alaska and oil companies will generate lengthy legal disputes and end...

Econ One: industry costs up 11/11/2007
Consultant says Revenue used 2002-05 information; steep rises began in '05
The Alaska Department of Revenue used publicly available cost data from 2002-05 when it assembled a fiscal note on expected North Slope production and operating and capital costs for the legislation t...

Two tax bills now in play 11/04/2007
Alaska governor's PPT rewrite, ACES, departs first committees with major changes
The first committee substitutes are out for Gov. Sarah Palin's proposal to increase oil production taxes, the ACES bill, and the Alaska House and Senate are talking such different approaches that it i...