Alaska oil tax forum set for Oct. 11

On Oct. 11 in Anchorage, leaders from the private and government sectors will gather for a panel on proposed changes to the State of Alaska’s production profits tax, better known as PPT (see related story on this page).

Sponsored by the Alaska Journal of Commerce and the Alaska State Chamber of Commerce, participants will discuss the state tax policy in the face of declining oil production, and identify steps that can be taken to delay or mitigate decline until commercial gas production begins on the North Slope. The role that state tax policy plays in investment decisions that could affect oil production levels will also be discussed.

Panel members include Patrick Galvin, commissioner of the Alaska Department of Revenue; Marc Langland, president and CEO of Northrim Bank; State Representatives Mike Hawker and Mike Doogan; and former state senator Steve Reiger of Rieger & Co.

Representatives from the Alaska Oil and Gas Association and ConocoPhillips will also be on hand, the chamber said in a press release.

The forum will be held at the Egan Civic & Convention Center from 11 a.m. to 1:30 p.m.

To register for the forum go to www.alaskachamber.com/artman/publish/ or call Wayne Stevens at (907) 586-2010.

—Petroleum News