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Vol. 8, No. 34 Week of August 24, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Alaska works on exploration credit rules

Industry ‘disappointed’ with several provisions in draft production tax regulations, but compliment others

Larry Persily

Petroleum News Juneau Correspondent

The Alaska Department of Revenue is working its way through 18 pages of comments from the Alaska Oil and Gas Association on draft changes in state production tax regulations, including rules for the exploration tax credits adopted by legislators this past session. Association officials testified at....

    [additional news subjects in this story]

AOGA focus on tax credits

Expenses eligible for credits at issue

Credits could cost state $50 million

Forests would be felled

Draft regs did not cover governor’s test well

Tax regs based on GAPP

Issue of when wells expensed


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