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Keep Alaska Competitive: Don't pass SB 112, the new tax proposed on oil production

Summary by Must Read Alaska

By KEEP ALASKA COMPETITIVE COALITION Alaska’s North Slope is finally booming with activity and Alaska is in the midst of an oil production revitalization. Several veteran and newer industry producers have spent billions on maximizing oil and gas recovery from legacy fields like Prudhoe Bay and on developing new major oil fields to the west […] The post Keep Alaska Competitive: Don’t pass SB 112, the new tax proposed on oil production appeared fi…

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OklahomaMinerals.com

Alaska’s North Slope Sees New Oil Exploration

APA Corporation and its partners, Lagniappe Alaska and Oil Search (Alaska), have made a significant oil discovery in Alaska’s North Slope with their latest exploratory well, Sockeye-2. The well was drilled to a depth of approximately 10,500 feet and encountered a high-quality reservoir containing 25 feet of net oil pay in a Paleocene-aged sand formation. The reservoir shows promising porosity at an average of 20%, with permeability to be confirm…

15 days ago

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