Gov. Sean Parnell took to social media Tuesday to reiterate his call for lower oil production taxes.
In a post on Facebook, Parnell cited low oil flow through the trans-Alaska pipeline. He writes that production totaled 430,457 barrels per day last month and 472,424 barrels per day in July 2011. Parnell says the administration plan to reverse the trend is to “ease up on taxes when oil prices are in the higher ranges,” and attract investors back.
While there has been a trend of declining North Slope oil production, the flow of oil is generally lower during summer months as oil companies and the pipeline’s operator do maintenance.
Average flow so far this year has been 560,320 barrels per day.
A Parnell spokeswoman said the administration could use numbers from other months and they would show a year-over-year drop as well.
- Alaska protesters are joining a national effort by Trump opponents who want Congress to act as a check on the president.
- Tim McLeod, AEL&P’s president, says the company thought heating with natural gas could save customers money but circumstances have changed.
- Senate President Pete Kelly said the plan in Senate Bill 70 will prevent spending from getting out of control. The Senate isn't including an income tax.
- Hilcorp recently informed state regulators that the company is unlikely to begin repairs on a gas leak in Cook Inlet until mid- to late March, according to a letter obtained by Alaska's Energy Desk through a public records request.