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
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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