12/28/12 - 9:14am
The year 2013 could be pivotal for Alaska’s oil and gas industry. To breathe new life into the state’s aging, and declining, North Slope oil fields, the Legislature will consider once again a reform of the state’s oil and gas production tax.
Gov. Sean Parnell argues the tax is too high compared with other producing regions and is impeding the industry investment needed to stem a continuing 6-percent annual decline in oil production.
Parnell is expected to introduce a bill making changes when the Legislature convenes in Juneau on Jan. 15.