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Vol. 16, No. 17 Week of April 24, 2011
Providing coverage of Alaska and northern Canada's oil and gas industry


DNR proposing royalty relief regs

The 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....

    [additional news subjects in this story]

Three benchmarks for relief

A rough and slow start

Program builds momentum

Expecting more applications


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