United States (Alaska) upstream fiscal summary Report

Country Report 25 May 2023

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Report summary

The fiscal regimes in place in Alaska for both state and federal areas are concession based. Operations onshore, and within a three mile offshore state boundary, are governed by the Alaskan State, which levies royalty, Petroleum Profits Tax (PPT), State income tax, property (Ad Valorem) tax, and a Hazardous Release Fund payment. In 2006, the PPT completely replaced severance tax as Alaska's main method of taxing oil and gas production. In 2007, the PPT legislation was amended through the...

Revenue flowchart: Alaska Concession
Basis
Licence terms
Government equity participation
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Petroleum production tax
- Minimum Rate
- GRE Scenario 1
- GRE Scenario 2
- Credit per barrel
- State income tax
- Federal income tax
- Additional Taxes
- State Hazardous Release fund
- Net profit share
- Fiscal treatment of decommissioning
- Product pricing
- Summary of modelled terms
- Assumed terms by location - oil/gas
Recent history of fiscal changes
Stability provisions
Split of the barrel and share of profit
Effective royalty rate and maximum government share
- Progressivity
Fiscal deterrence