Alaska's new fiscal system dodges a repeal effort

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22 August 2014

Alaska's new fiscal system dodges a repeal effort

Report summary

All indications suggest a referendum to repeal the state’s new oil-tax regime will narrowly fail. SB 21 was signed into law in May 2013 and replaced the previous regime, ACES.  Citizens concerned about the new regime's impact on state revenues, which heavily depend on oil taxes, placed the referendum to repeal SB 21 on the August 2014 ballot. This is a positive signpost for the region.

Table of contents

  • Executive summary
  • Upstream investment unlocked
  • Dominant players must invest to maintain cash generative assets
  • Success for the region also depends on attracting and keeping new entrants
  • Fiscal stability must now be firmly established

Tables and charts

This report includes 3 images and tables including:

  • Remaining commercial and technical reserves
  • Top operators' 2014 production, global portfolio weight
  • Alaska's new fiscal system dodges a repeal effort: Image 3