Country Report

United States (Alaska) upstream fiscal summary

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04 July 2018

United States (Alaska) upstream fiscal summary

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...

Table of contents

    • Revenue flowchart: Alaska Concession
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
        • Bonuses, rentals and fees
      • Indirect taxes
      • Ad Valorem (property) tax
      • 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
      • 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

Tables and charts

This report includes 21 images and tables including:

  • Executive summary: Image 1
  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate and minimum state share
  • Economic analysis: Table 2
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Current licence, equity and fiscal terms: Table 2
  • Current licence, equity and fiscal terms: Table 3
  • Current licence, equity and fiscal terms: Table 1
  • Current licence, equity and fiscal terms: Image 1
  • Current licence, equity and fiscal terms: Image 2
  • Current licence, equity and fiscal terms: Image 3
  • Current licence, equity and fiscal terms: Image 4
  • Current licence, equity and fiscal terms: Table 4