Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • World of Oil


    Krista H. Kuhl

    Alaska passes new tax bill On Nov. 16, Alaska Gov. Sarah Palin signed legislation that imposes higher taxes on oil and natural gas production in the state despite protests from oil and gas companies. The bill replaces the “Petroleum Profits Tax” passed last year that has since been questioned following an ongoing corruption investigation involving state lawmakers and oil executives. The new tax legislation establishes a base tax rate of 25% of producers’ net revenues from oil and gas production, and when crude oil prices exceed $52/barrel an escalator formula kicks in that raises the tax rate. Palin’s bill is expected to boost state oil and natural gas revenues by $1.5 billion this fiscal year. The governor said that the new tax will maximize the value of the state’s natural resources, adding that Alaska will use the additional revenues responsibly.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS