NEWS: Coalition Praises Interior Department Order that Could Result in Increased Oil Exploration on the North Slope

Juneau – Alaska House of Representatives Resources Committee co-Chair Geran Tarr (D-Anchorage) released the following statement in response to today’s announcement regarding possible increased oil and gas exploration on Alaska’s North Slope. U.S. Department of the Interior Secretary Ryan Zinke signed an order calling for an updated resource assessment for the 1002 area of the Arctic National Wildlife Refuge (ANWR) and a revised Integrated Activity Plan for the National Petroleum Reserve-Alaska (NPR-A)

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NEWS: North Slope Oil Discovery Shows Need for Oil Tax Credit Reform

Juneau – Today, oil companies Repsol and Armstrong Oil and Gas announced a significant onshore oil discovery on the North Slope of Alaska. The Horseshoe prospect is part of the Nanushuk play in the Pikka Unit. The leases for the prospect are held by Armstrong Oil and Gas, which has applied to the U.S. Army Corps of Engineers for an environmental review of its development plans for the Nanushuk play.

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Note from Rep. Gara: Near Zero Value Nuna Oilfield Deal Challenged

Anchorage – Thursday Representative Les Gara (D-Anchorage) asked the Parnell Administration to hold off on a controversial proposal for tens of millions of dollars in additional tax reductions on a North Slope oilfield. Last week Governor Parnell’s Commissioner of Natural Resources announced his proposal to reduce the 12.5% royalty on the Nuna oilfield by over 50%.

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NEWS: Near Zero Value Nuna Oilfield Deal Challenged by Rep. Gara

Anchorage – Thursday, Representative Les Gara (D-Anchorage) asked the Parnell Administration to hold off on a controversial proposal for tens of millions of dollars in additional tax reductions on a North Slope oilfield. Last week Governor Parnell’s Commissioner of Natural Resources announced his proposal to reduce the 12.5% royalty on the Nuna oilfield by over 50%.

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Note from Rep. Gara: Taking Credit for Gravity: Claims that Long-Planned Oil Projects are the “Sudden” Result of the April Oil Tax Rollback

Dear Neighbors,

It didn’t take long for silly season to start after the Legislative Session ended April 14. Expect a few years of “abracadabra” claims that oil projects, already being developed under ACES (the oil tax law that has been in place since 2007) are now magically the result of the massive rollback of Alaska’s share of oil revenue (an approximate $1.5 billion per year revenue reduction at $120 per barrel at a time when Alaska is already facing deficit spending). Senate Bill 21 is the oil tax bill that the oil companies, Governor, and his allies succeeded in pushing through the Legislature in April. The claims are, politely put, “flawed” in most cases.

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NEWS: Democrats Applaud Army Corps Pt. Thomson Permit

“Alaskans have waited over 30 years for development of these resources”

Today, Representative Les Gara and Senator Hollis French applauded the Army Corps of Engineers for granting the necessary permits for ExxonMobil to begin the long-awaited development of the Pt. Thomson Unit on Alaska’s North Slope. Earlier this month, Rep. Gara and Sen. French wrote a letter to the Army Corps encouraging its prompt action on this permit.

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