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Vol. 14, No. 16 Week of April 19, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


Increased North Slope spending projected

Revenue 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....

    [additional news subjects in this story]

Oil price a driver

Production declining


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