Fairbanks News Miner, by Matt Buxton. With less than three weeks before voters decide the fate of an oil tax system the industry has spent millions to defend, ExxonMobil invited a group of reporters to visit North Slope’s Point Thomson gas field. Reporters from the Fairbanks Daily News-Miner and Anchorage-based media outlets took an ExxonMobil flight on Thursday to tour what is said to be one of the busiest places of development on the North Slope.
Dingman Would Sacrifice Short Term Cash Cow For Long Term, "Environment of Economic Stability"
ADN Column by Mike Dingman (NGP Photo). After all of the talk of the past oil tax systems, the fluctuating price of oil, the world market, the domestic market, heavy oil, offshore oil, progressivity along with a litany of confusing acronyms, we are left with one, very important fundamental question -- do we want our oil tax system to be a short-term cash cow or do we want to create an environment of economic stability on the oil patch and ensure high-paying jobs for Alaskans.
Canada Also Finds That Oil Incentives Work: Calgary Herald by Dan Healing
ADN Op-Ed by Rick Rogers (NGP Photo). In reading Bill Walker’s (NGP Photo-below) recent column on why he would be voting yes in the August primary election referendum to repeal oil tax reform, it was hard to understand how he could come to that conclusion if he stepped back and critically examined his very own statements about the ACES tax structure.
...he, in reality, made the case to keep oil tax reform intact and vote no.
ConocoPhillips Alaska announced yesterday that it has signed a contract with Doyon Drilling to build a new rotary drilling rig for the Kuparuk River Unit on Alaska’s North Slope. This is the first new-build rotary rig that ConocoPhillips has added to Kuparuk’s rig fleet since 2000.
...Doyon 142 will employ about 100 people directly and support hundreds of indirect jobs. Currently,
ConocoPhillips has six development rigs working on the North Slope and one in the Beluga River Unit in Cook
“The contract for the rig is long-term and is one example of how Senate Bill 21 (MAPA, or the More Alaska
Production Act) is making a positive impact on Alaska’s economy. This opportunity is good for Doyon, its
shareholders and Alaska,” stated Doyon President and CEO, Aaron Schutt (NGP Photo above).
In addition to the rigs, since the passage of SB 21 ConocoPhillips has also announced plans to pursue three
new projects on the North Slope. ...“Contracting for a new rig is another step we are taking to increase production on the North Slope,” said Trond-Erik Johansen, president of ConocoPhillips Alaska (NGP Photo). “SB 21 has improved the business climate in Alaska, and we are investing in projects that add production, increase state revenues, increase contributions to the Permanent Fund and create jobs and business opportunities for Alaskans.”
Alaska Dispatch by Jonathan Katchen. Much of the discussion surrounding our oil taxes is driven by emotion and ideology instead of facts. Most Alaskans want a vibrant oil industry that generates good paying jobs, keeps the oil flowing for years to come and provides Alaskans with a fair share of revenue. Here’s why voting to repeal SB 21 will jeopardize these goals.
Did You Read It Here First? Last Night The Globe & Mail Posted News Involving A Relationship Between One of Canada's Greatest Pipeline Companies And The Alaska Gasline Development Corporation.
|Globe & Mail by Shawn McCarthy.
Enbridge Inc. is turning its eyes north to Alaska, entering talks with the state to build an $8-billion (U.S.) natural gas pipeline there if a competing project falters.
The Calgary energy company and the state-owned Alaska Gas Development Corp. (AGDC) “are undertaking substantive and exclusive discussion” which would see Enbridge become the builder and operator for the 1,163-kilometre pipeline. It would carry natural gas from the North Slope to Fairbanks and other communities in southern Alaska.
ADN Opinion Editorial, by Rex A. Rock Sr. (NGP Photo), Aaron Schutt, Sophie Minich, Helvi Sandvik, Jason Metrokin, Gail Schubert.
Many Alaskans may wonder why six of the largest Native corporations have united behind the effort to defeat Ballot Measure 1. Those who know little about us might assume it’s because some of the coalition members have business interests aligned with the oil industry. But that is too simple an answer. We did not enter into this conversation lightly.
As First Alaskans, our people have learned for generations to use and protect the resources that surround us. We have learned that to provide for future generations – for tomorrow’s children to have the same opportunities we enjoy – hard decisions must be made today.
We have listened carefully to the debate surrounding tax reform and weighed its benefits and drawbacks. We have also allowed ourselves the time to determine if the oil industry’s promises of increased investment were genuine. Some of our businesses are in the oil industry and some are not. What we have seen is an increase in investment into our oil industry, aimed at getting new oil in the pipeline. While that may be good for some of our businesses, it is good for all Alaskans. Our corporations collectively employ thousands of Alaskans and our employees support small Alaska businesses and the overall economy. New investments increase our opportunity to put new oil in the pipeline. Extending the life of our oil fields translates into continued contributions to our state treasury and the services the state provides to Alaskans for the long-term.
Comment by Robert Dillon (NGP Photo), Senator Lisa Murkowski's Senate Energy Committee Staff
We’ve known for some time that the majority of new oil and natural gas production in the United States was occurring on private and state lands.
Fairbanks News Miner by Jim Dodson.
Develop Alaska’s human resources. Increase its standard of living. Diversify its economy. Strengthen free competition in its private sector economy.
Here at Fairbanks Economic Development, we are in favor of “Vote No on 1.” Our reasons are simple: we believe the description of “maximum benefit,” and the aim of Alaska’s government in resource development, were correct.
We believe that a dynamic, thriving private sector, full of good, high-paying private sector jobs for Alaskans, is the best, most sustainable road to maximum benefit for Alaskans and the state.
There is a reason that the North Slope Contractors Association and the North Slope Pipeline Unions joined with Sen. Lisa Murkowski recently .... (More here)
Now new data from the Energy Information Administration (EIA) shows that federal lands are producing less and less of the energy the nation depends on every day.
According to the EIA, fossil fuel production from federal lands has been declining every year since 2010.
Coal production on federal lands has been falling since 2008.
Production of natural gas from federal areas has been declining since 2007, and represented just over 15 percent of the nation’s total gas production in 2013, down from 35 percent a decade before.
While oil production in 2013 was up slightly from the previous year, it’s still way below 2010-2011 levels.
Reference: Rigzone, Federal Lands Contributing Less to Total US Energy Picture.