Increased North Slope spending projectedRevenue department spring forecast estimates $4.24B in lease expenditures in FY 09, up from $3.98B; increasing to $5B for FY 10 Kristen Nelson Petroleum News
Recent reports from North Slope operators indicate that lease expenditures will total $4.24 billion in fiscal year 2009, which ends June 30 — up from $3.98 billion in FY 08.
And for FY 2010, which begins July 1, lease expenditures are expected to exceed $5 billion, the Alaska Department of Revenue....
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Oil price a driver Production declining
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