Department of Revenue suggests oil production tax might need to be changedELF designed to encourage small field development and ensure large fields aren't shut down early; Revenue recommends allowance for deduction of exploration and production costs to encourage re-investment in state Kristen Nelson PNA Editor-in-Chief
The Alaska Department of Revenue is forecasting increased North Slope production — with new fields and satellite development bringing daily averages back over the 1 million barrel mark through fiscal year 2010.
But, Revenue said in its Fall 2001 Revenue Sources Book, issued in early December, Alask....
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ELF a major part of state’s oil and gas taxes Is ELF working as intended? What is ELF? How could ELF be changed?
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