State takes conservative view in forecastFuture revenues depend on the vagaries of future oil prices, future oil production and future expenditure by oil companies Alan Bailey Petroleum News
With around 90 percent of the State of Alaska’s unrestricted income originating from oil-related revenues of one form or another, predicting those revenues and thus enabling the formulation of a state budget is a difficult but essential exercise.
And, given the unknowns and uncertainties in the vari....
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Forecast revenue drop Production forecast Conservative view Increased lease expenditure
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