11-18-19 Last Day To Register For Alaska’s Greatest Multi-Resource Conference!

Dedicated pioneer of Alaska resource education and information, Carl Portman, announces retirement. Petroleum News Alaska, by Kay Cashman.  The Resource Development Council for Alaska will lose one of its most valuable employees at the end of June, Deputy Director Carl Portman. Among many other duties, Portman has been responsible for the impressive list of presenters at the association's conference every November. Set to retire June 30 after what will be 39 years with RDC, Portman said he will be leaving after the association’s annual meeting. “I still plan to [...]

11-17-19 Another Oil Tax Debate?!

Another oil tax debate: With a ballot measure effort advancing, the Legislature needs to hold hearings Fairbanks Daily News-Miner Alaskans might be in for another epic debate about ... Frank Murkowski as part of his effort to get a North Slope natural gas pipeline built. ... A new governor arrived in Sarah Palin at the end of 2006 and oil taxes ... Ultimate Adventure Heads to Alaska for the 20th Anniversary of the Legendary Event Four Wheeler Network This 800-mile-long pipeline transports crude oil from Prudhoe Bay to Valdez. ... bridge crosses the river on the eastern edge of Denali National Park. Opinion: Green [...]

11-16-19, NORTHERN ENERGY HISTORY: Exxon’s Important North Slope Position Includes Prudhoe Bay AND Point Tompson!

Producers 2019: Exxon pursuing two fronts Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas Kay Cashman Petroleum News Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production [...]

11-12-19 Farewell Epilogue and Alaska’s Dangerous Oil Tax Increase By Voters Initiative

“BOTAX” Dave Harbour Glen Biegel Lawyer’s oil & gas tax scheme threatens Alaska’s economy (.PDF of this commentary here: Footnote Version & Clean Version like this w/o footnotes.) By Dave Harbour and Glen Biegel First, let’s get some ‘housekeeping’ out of the way on the proposed oil tax initiative.  Then we’ll explain why all Alaskans should be concerned. Alaska Lieutenant Governor Kevin Meyer recently certified a voter’s initiative petition application entitled “An Act relating to the oil and gas production tax, tax payments, and tax credits.”  Attorney [...]

11-2-19 Is Alaska’s Economy Finally On the Move!?

Third Quarter Alaska Employment Numbers Commentary: The good employment news below is all about a dynamic Alaska oil industry on the cutting edge of new technology.  Longtime Alaskans know that oil not only supports industry jobs, but pays the lions share of government budgets that also fund education, public works, public safety and infrastructure for retail, tourism and commercial fishing industries and JOBS!  We're even pleased to spot signs of a new LNG project for commercializing Alaska North Slope gas.  But a lawyer is a major sponsor of a voters [...]

6-17-19 ConocoPhillips Acquires Caelus’ North Slope Nuna Discovery Acreage

ConocoPhillips Signs Agreement with Caelus Natural Resources to Acquire Nuna Discovery Acreage ConocoPhillips Alaska (COPA) today announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100 percent of the Nuna discovery, located just east of the Colville River and approximately five miles southwest of the Oooguruk Field. The Nuna prospect was announced as a discovery in 2012. The purchase includes 11 tracts covering 21,000 acres. Over the next several years, COPA will appraise Nuna with a goal toward making a final investment [...]

4-12-19

Alaska U.S. Senator Lisa Murkowski (NGP Photo by Dave Harbour) Murkowski Welcomes Executive Orders on Energy Infrastructure WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, today issued the following statement after President Trump signed two executive orders prioritizing energy infrastructure and streamlining the permitting process for domestic and cross-border projects “I appreciate the president’s strong commitment to the improvement and modernization of our nation’s energy infrastructure. We need fewer delays, greater predictability in our permitting process, and better coordination among government stakeholders to ensure needed projects can [...]

By |2019-04-11T10:41:36-09:00April 11th, 2019|Alaskanomics|0 Comments

3-18-19 Lest We Forget: Alaska Once Had A Stable Investment Climate!

Correction: in our recent email alert we rightly associated Anchorage property taxpayers with proposed bonded indebtedness but inadvertently associated property taxpayers with a proposed liquor tax.  -dh Lest We Forget: Alaska Once Created Two Decades Of Investment/Tax/Economic/Social Stability Commentary by Dave Harbour TRANS ALASKA PIPELINE SYSTEM (TAPS) Thirty-Eight years ago today, Alaska created what was to be two decades of "quasi"-fiscal stability.  We say, "quasi" because even in the wake of "reform", politicians would continuously be seeking more revenue. But let us begin the story this way.  [...]

2-19-19 Twitter Post et. al.

Energy Wealth & Job Creators Need To Become Advocates of Constitutional Rights...or Lose Everything.  -dh The old idea of tolerance was summed up in such chestnuts as, “I disapprove of what you say, but I will defend to the death your right to say it.” The new dispensation is: “I disapprove of what you say, therefore you may not say it.” Imprimis https://imprimis.hillsdale.edu/shall-defend-common-history/ February 2019 Shall We Defend Our Common History? By Roger Kimball The following is adapted from a talk delivered on board the Crystal Symphony on July [...]

By |2019-02-19T14:47:16-09:00February 19th, 2019|Alaskanomics|0 Comments

2-11-19 Could this be one of the last ANWR hearings? Not likely, But This Is A Big One!

Another ANWR Hearing...TODAY? Don't Get Public Hearing Testimony Fatigue.  Every Hearing Produces A Record.   Decisions That Benefit or Hurt Our Families Are Partly Based On That Record! by Dave Harbour Today in Anchorage the Interior Department will hold what is, hopefully, one of the last hearings dealing with the environmental impact statement preceding the leasing of a small section of the huge Arctic National Wildlife Refuge for oil & gas exploration and perhaps, eventually, development. See the point? Dulles Airport area, within 1.5 million area, within 19.6 million [...]

2-8-19 Alaskans: Prepare for Monday!

Not Just For Alaskans Alert and Commentary: Monday! Joe Balash, Department of the Interior Assistant Secretary for Land and Minerals Management. NGP File Photo by Dave Harbour Alaskans who can should turn out en masse for a federal public hearing on Monday by 1 p.m.!  For years the Alaska legislature, Governors and state organizations like the Interstate Oil & Gas Compact Commission and National Association of Regulatory Utility Commissioners (i.e. IOGCC & NARUC) have been advocating for the environmentally responsible development of a small sliver of the 1002 [...]

1-17-19

Alaskanomics What does the future hold for the Alaska economy? By Mouhcine Guettabi,  The U.S. economy is convincingly in an expansionary phase, and is nearing peak growth rates for the current business cycle. Job creation has been consistently strong for an extended period, and unemployment rates have now returned to pre-recession levels. Recent stock market volatility has ....  MORE HERE Alaska AGDC audit recommends minor changes, additional report forthcoming  Alaskajournal.com.  The misstep occurred when seven invoices from the Bureau of Land Management were charged to the corporation's Alaska LNG Project [...]

1-7-19 FLNG Comment – and – Changing World Fiscal Systems

NGI by Charlie Passut.   Alaska and three Chinese companies have agreed to a six-month extension to negotiate and conclude definitive agreements for a liquefied natural gas (LNG) project in the state, despite an ongoing U.S.-Sino trade war. The Alaska Gasline Development Corp. (AGDC), China's state-owned Sinopec Group, the Bank of China and CIC Capital, a subsidiary of China Investment Corp., agreed to extend the deadline for an agreement until June 30. The four parties (See Footnote) signed a joint development agreement (JDA) in November 2017 to develop the Alaska LNG project, which is [...]

1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years. British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes -- occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below). Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile [...]

12-21-18 Use These Important References to Develop Your Alaska Gasline/LNG THINKING POINTS!

A Readers' Guide to Developing Alaska Gasline/LNG Thinking Points and Policy Conclusions We believe that in fewer than a dozen pages, our critically thinking readers can come to thoughtful logical conclusions re: continuing government ownership and operation of Ak-LNG.  Merry Christmas!  -dh Last Friday's (12-14-18) Summary provides a current view of Ak-LNG ownership risks.  https://tinyurl.com/y8k5xps5 This 11-5-15 review of an Alaska special session dealing with gasline/LNG matters and increased oil taxes provides a good deal of rationale against state ownership, including important reference to unintended results. (https://tinyurl.com/y9samzdt) [...]