State optimistic about new production
Revenue forecast shows new production accounting for half of all production by 2020, including several year-over-year increases
For Petroleum News
The new production forecast released by the Alaska Department of Revenue on Dec. 3 includes an unusual feature: lines tilted upward. The state predicts daily North Slope oil production will rise year-over-year in fiscal year 2012, FY 2013 and FY 2016.
That would buck a long-standing trend in Alaska.....
[additional news subjects in this story]
Decline over coming decade
New, near-term projects
Heavy oil and federal acreage
New oil growing in importance
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