Alaska’s tax formula an ongoing debateState’s average crude oil production tax rate continues to decline due to the Economic Limit Factor formula adopted in 1989 Larry Persily Petroleum News Juneau Correspondent
The holiday season is over, but at least one ELF is still working in Alaska.
The ELF, or Economic Limit Factor, is a formula in state statute that reduces a field’s oil and gas production tax rates based on the average daily total production and average per-well production from a reservoir.
The cur....
[additional news subjects in this story]
No field in Alaska pays the full rate Tax revenues falling faster than production No legislative action to change ELF Freshman legislator considers minimum tax rate
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