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Alaska tax change reduces burden on North Slope producers

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Report summary

Alaskan Governor Sean Parnell signed Senate Bill (SB 21) in an effort to incentivise investment and stem the state's 25 year decline in oil production. The law which eliminates the current system's (ACES) progressivity mechanism and amends how tax credits are awarded will become effective on 1 January 2014.

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    Alaska tax change reduces burden on North Slope producers May 2013.xls

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    Alaska tax change reduces burden on North Slope producers

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Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • SB 21's impact on valuation of each North Slope field
  • Value of hypothetical 50-million-barrel satellite field under various tax treatments and price scenarios
  • Timeline of Alaskan oil tax legislation and impact on governments' share

Tables

  • Summary of SB 21's changes

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