3-2-17 Alaska Regulation Changes: Production Tax Calculation and Tax Credits

Supplemental Notice of Proposed Regulation Changes

Alaska Department of Natural Resources

On February 14, 2017, the Department of Natural Resources (DNR) published a Notice of Proposed Changes to regulations regarding the calculation of the net profit share production tax lease allowance, repeal the regulations regarding the exploration incentive credit, and make administrative changes such as updating addresses and/or providing for electronic communication with the Alaska Royalty Oil and Gas Development Advisory Board and for DNR. See the link to this notice and relevant documents here:https://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=184612

Now, DNR is publishing a Supplemental Notice of Proposed Changes to modify the proposed amendments to the production tax lease allowance under 11 AAC 83.241, extend the public comment period to April 6, 2017, and change the date of the public workshop to March 22, 2017. See the link to this Supplemental Notice and updated relevant documents here: https://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=184828. You can also find the updated relevant documents attached.

You are receiving this message because your contact information is included in a list of “interested persons” for changes in regulations in the DNR database. However, if this description does not apply to you, please ignore this message. Thanks.

Jhonny Meza

Commercial Analyst

Alaska Department of Natural Resources

Division of Oil & Gas

550 W. 7th Ave. Ste 1100

Anchorage, AK 99501-3560

Direct Phone: (907) 269-8774

Murkowski Congratulates New Energy Secretary

Secretary of Energy Rick Perry. Northern Gas Pipelines file photo by Dave Harbour

US Senator Lisa Murkowski. Northern Gas Pipelines file photo by Dave Harbour

WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, today released the following statement after former Texas Gov. Rick Perry was confirmed to be the Secretary of Energy by a vote of 62–37.

“I congratulate Gov. Perry on his successful confirmation to be our nation’s next Secretary of Energy,” Murkowski said. “This is a critical time for the Department, and it needs steady leadership as we pursue the broad benefits of energy innovation and greater security for our nation’s energy infrastructure. The Department’s scientists and our national labs are vital to that effort, and I believe Gov. Perry will be a strong partner as we focus on everything from reducing rural energy costs to advancing the Alaska gasline project.”

Murkowski is chairman of the Committee on Energy and Natural Resources, which has jurisdiction over the Department of Energy. She spoke of the Senate floor before voting in support of Gov. Perry’s nomination.

About the Author: wpnorthern

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission. He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School. Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations. Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska. Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power. He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress. Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.