DNR proposing royalty relief regsThe new guidelines aim to clarify and standardize a 15-year-old statute used to induce development at marginally uneconomic fields Eric Lidji For Petroleum News
The Department of Natural Resources is proposing regulations for offering royalty relief.
The regulations aim to codify a 15-year-old statute that allows the State of Alaska to lower its royalty share on leases in order to make an undeveloped field economic.
“Although we’ve had the statute in existe....
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Three benchmarks for relief A rough and slow start Program builds momentum Expecting more applications
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