Senator Thomas Wagoner is a member of several Alaska state Senate committees including Resources and Regulatory Review. The draft bill establishes a new tax credit for qualified oil and gas development expenditures incurred before sustained production begins from a new pool or lease. It sets the credit amount at 100% of expenditures and allows it to be applied against production taxes. The bill also creates a new Oil and Gas Competitiveness Review Board.
La Unión Europea ha acordado un paquete de sanciones contra Rusia por su invasión de Ucrania. Las sanciones incluyen restricciones a las importaciones de productos rusos clave como el acero y la madera, así como medidas contra bancos y funcionarios rusos. Los líderes de la UE esperan que las sanciones aumenten la presión económica sobre Rusia y la disuadan de continuar su agresión contra Ucrania.
UWD Slides for AMC2013 presentation. More info about the presentation here: https://talk.alliedmedia.org/amc2013/sessions/mobile-community-media-making-vojo
Author: Celso Mireles, https://twitter.com/CelsoM3
The document contains information about international marginal tax rates for oil production at a $100/barrel market price. It shows that the marginal tax rate in Alaska under the Alaska's Clear and Equitable Share (ACES) tax system is one of the lowest among major oil producing jurisdictions ranging from 0% to 80%.
A second chart shows Alaska Department of Natural Resources forecasts of total oil production in Alaska between 2010 and 2020 have increased since the implementation of ACES, indicating the tax system has led to higher expected production.
A third chart compares pre-ACES and post-ACES Alaska Department of Natural Resources forecasts of daily oil production from Alaska's North Slope, demonstrating significantly higher forecasts after implementation of ACES.
La lámpara no funciona porque puede no estar enchufada, tener la bombilla quemada o necesitar una nueva lámpara. Se recomienda verificar primero si está enchufada, luego si la bombilla está quemada y cambiarla de ser necesario, y como último recurso comprar una lámpara nueva.
Stephen F. Austin went to Texas after his father Moses Austin's death to carry out plans to settle Texas. He received permission from Mexican authorities to establish an American colony in Texas. Austin offered attractive land grants and terms to attract settlers, allowing them to own large tracts of land in exchange for developing the territory. He established strict guidelines requiring settlers to become Mexican citizens and convert to Catholicism. The first group of settlers arrived in Texas in 1821 on Austin's ship the Lively, bringing supplies to establish the colony.
The Green Chamber of Commerce is developing an application to help organizations assess their green practices and set sustainability goals. The application uses a methodology called GREEN that evaluates organizations across five categories: Governance, Responsibility, Earth, Employees, and Network. Each category contains indicators that are scored using a rubric assessing performance at five levels from compliance to restorative. The application and rubrics are being developed and tested to provide an agile measurement tool for organizations of different types and sizes.
Alaska held a thoughtful Thursday event focused on word searches. The May 30th event provided participants with word searches to complete. The word searches given out on May 30th in Alaska aimed to provide an engaging mental activity for those involved.
Senator Thomas Wagoner is a member of several Alaska state Senate committees including Resources and Regulatory Review. The draft bill establishes a new tax credit for qualified oil and gas development expenditures incurred before sustained production begins from a new pool or lease. It sets the credit amount at 100% of expenditures and allows it to be applied against production taxes. The bill also creates a new Oil and Gas Competitiveness Review Board.
La Unión Europea ha acordado un paquete de sanciones contra Rusia por su invasión de Ucrania. Las sanciones incluyen restricciones a las importaciones de productos rusos clave como el acero y la madera, así como medidas contra bancos y funcionarios rusos. Los líderes de la UE esperan que las sanciones aumenten la presión económica sobre Rusia y la disuadan de continuar su agresión contra Ucrania.
UWD Slides for AMC2013 presentation. More info about the presentation here: https://talk.alliedmedia.org/amc2013/sessions/mobile-community-media-making-vojo
Author: Celso Mireles, https://twitter.com/CelsoM3
The document contains information about international marginal tax rates for oil production at a $100/barrel market price. It shows that the marginal tax rate in Alaska under the Alaska's Clear and Equitable Share (ACES) tax system is one of the lowest among major oil producing jurisdictions ranging from 0% to 80%.
A second chart shows Alaska Department of Natural Resources forecasts of total oil production in Alaska between 2010 and 2020 have increased since the implementation of ACES, indicating the tax system has led to higher expected production.
A third chart compares pre-ACES and post-ACES Alaska Department of Natural Resources forecasts of daily oil production from Alaska's North Slope, demonstrating significantly higher forecasts after implementation of ACES.
La lámpara no funciona porque puede no estar enchufada, tener la bombilla quemada o necesitar una nueva lámpara. Se recomienda verificar primero si está enchufada, luego si la bombilla está quemada y cambiarla de ser necesario, y como último recurso comprar una lámpara nueva.
Stephen F. Austin went to Texas after his father Moses Austin's death to carry out plans to settle Texas. He received permission from Mexican authorities to establish an American colony in Texas. Austin offered attractive land grants and terms to attract settlers, allowing them to own large tracts of land in exchange for developing the territory. He established strict guidelines requiring settlers to become Mexican citizens and convert to Catholicism. The first group of settlers arrived in Texas in 1821 on Austin's ship the Lively, bringing supplies to establish the colony.
The Green Chamber of Commerce is developing an application to help organizations assess their green practices and set sustainability goals. The application uses a methodology called GREEN that evaluates organizations across five categories: Governance, Responsibility, Earth, Employees, and Network. Each category contains indicators that are scored using a rubric assessing performance at five levels from compliance to restorative. The application and rubrics are being developed and tested to provide an agile measurement tool for organizations of different types and sizes.
Alaska held a thoughtful Thursday event focused on word searches. The May 30th event provided participants with word searches to complete. The word searches given out on May 30th in Alaska aimed to provide an engaging mental activity for those involved.
Alaska Natural Resource Month's theme this year is "Dream BIG" and asks Alaskans to learn about the state's natural resources, be creative, be innovative, and dream big about Alaska's future. The document provides information about Alaska's major natural resources which include oil and gas, mining, forestry, fisheries, and tourism. It also describes the partnership between Alaska Natural Resource Month and Junior Achievement Alaska to bring educational resources and activities to students statewide during the month of March, including Discovery Day on March 13th, the anniversary of the Prudhoe Bay oil discovery.
Alaska Department of Natural Resources Commissioner Dan Sullivan's presentation to Commonwealth North's Energy Action Coalition "Alaska's Natural Gas Opportunities. "
The Alaska Department of Revenue forecasts that total state revenue will increase from $13.6 billion in FY 2012 to $15.3 billion in FY 2013 and $14.6 billion in FY 2014. Unrestricted General Fund revenue, which is used for budget planning, is forecast to decline from $9.5 billion in FY 2012 to $7.5 billion in FY 2013 and $7.0 billion in FY 2014 due to lower oil and gas production tax revenue. Restricted revenue, which includes the Constitutional Budget Reserve Fund and Permanent Fund earnings, is forecast to increase by over $3.7 billion between FY 2012 and FY 2013. Oil revenue continues to be the largest source of
This presentation discusses the CINGSA natural gas storage facility and gas supply in Cook Inlet, Alaska. CINGSA began injections in 2012 and will allow storage of 11 billion cubic feet of gas to meet 45% of winter demand. While drilling activity has increased, production continues to decline, potentially leading to a supply shortfall by 2015. Importing liquefied natural gas (LNG) or compressed natural gas (CNG) is being evaluated as a way to ensure adequate supply until other options such as exploration or a new pipeline are developed. A decision on imports is expected in early 2013.
This document outlines the key steps for starting an organizational excellence journey based on the Baldrige model. It discusses Ben Park's background working with Baldrige and provides an overview of the Baldrige Organizational model. The rest of the document details the initial 10 steps to begin the process, including developing a mission statement, identifying stakeholders, setting goals and strategies, evaluating processes, creating a balanced scorecard, and developing a strategic plan and communication plan. It concludes by discussing applying for Baldrige recognition.
This document summarizes a presentation given by Scott Goldsmith on Alaska's economic future and the role of a North Slope natural gas pipeline. It discusses how Alaska's economy is currently dependent on petroleum production and the potential economic benefits of a gas pipeline, including billions in additional state revenue over 30 years. It also examines alternatives to petroleum development and strategies for diversifying Alaska's economy. Charts show projections for gas production, prices, and revenues, demonstrating that a pipeline could help sustain the state budget into the future.
The document provides an overview of the Alberta Natural Gas and Conventional Oil Investment Competitiveness Study 2009. The study aims to determine if Alberta is competitive for investment in the natural gas and conventional oil sectors. Key steps in the study include collecting data from industry, analyzing factors of competitiveness, engaging stakeholders, and developing conclusions and recommendations. The project will analyze economic and financial aspects of investment competitiveness through interviews, workshops, and focus groups with government, industry, and financial sectors.
The document summarizes an investment competitiveness study being conducted by the Alberta Department of Energy regarding Alberta's natural gas and conventional oil sectors. The study aims to establish a common understanding of resource economics between the Department and industry stakeholders, and determine what regulatory and fiscal framework is needed to ensure the sectors remain competitive and profitable into the future. A multi-level stakeholder engagement process will be used, involving both executive-level administrators and technical analysts from government, industry and financial institutions. The goal is to facilitate constructive dialogue and maintain positive relationships between stakeholders.
This document summarizes a report on Alaska's oil investment tax structure. It finds that Alaska's current tax structure under ACES must be made more competitive to encourage oil companies to reinvest profits in Alaska. It recommends reducing or capping the progressivity tax and continuing to encourage exploration through tax credits and incentives. The report examines how ACES affects investment and considers alternatives to make Alaska's tax policy maximize long-term production and state revenue over short-term gains.
The document summarizes the objectives and methodology of the Fraser Institute's 2010 Global Petroleum Survey. The survey gathered responses from 645 companies on 17 factors related to upstream oil and gas investment barriers across 133 jurisdictions. The responses were used to create composite indices to facilitate comparison of jurisdictions' commercial/regulatory environments and geopolitical risks. Alaska received scores indicating its factors are generally not strong deterrents to investment, though some receive mild deterrent ratings.
The study found that Cook Inlet gas currently meets nearly all the needs of Alaska utilities, but supply may fall short of demand as early as 2013 without significant new drilling. To meet demand through 2020 would require drilling 185 new wells at a cost of $1.9-2.8 billion. Immediate actions are needed like securing new gas supply agreements between utilities and producers, obtaining gas storage, and streamlining permitting to attract investment and ensure adequate long-term gas supply for Alaska consumers.
This document provides a status report on Alaska's oil and gas production tax to the state legislature. It evaluates six key elements of the production tax system since 2006: 1) Revenue generation has been higher under the current system than the previous one. 2) Industry investment has increased each year but the types of investment are unclear. 3) Exploration has increased since 2003 but dropped in 2010 while development continues in three projects and production declines. 4) Employment and new entrants have risen but dipped in 2010. 5) Tax credit use has risen annually with new credits added. 6) Tax administration has been hampered by lack of data management but first audits are complete. The report concludes that multiple tax law changes make impacts difficult to determine
Ken Thompson, Managing Director of Alaska Venture Capital Group, LLC and Brooks Range Petroleum Company, and former CEO, Chairman, and Executive Vice President for the Asia Pacific Region for ARCO presented to Commonwealth North's (CWN) board and members this morning regarding ACES oil and gas policies, and what meaningful changes need to occur to spur capital investment in Alaska.
This document discusses the history of Alaska's oil production tax system from 1977 to 2010. It describes the major tax reforms over this period including the Economic Limit Factor tax (ELF), Petroleum Profits Tax (PPT), Alaska's Clear and Equitable Share (ACES), and Cook Inlet Incentives (CIRA). It provides an overview of how the different systems taxed oil production, including whether they taxed gross or net production and included capital investment credits or progressive tax rates. The document also shows Alaska's historical oil production levels from 1965 to 2019.
The document discusses Canada's oil sands and their importance in providing energy security and economic benefits to North America while ensuring environmental stewardship. It notes that oil sands development produces jobs and revenues across North America, and that Canada is a stable supplier of oil, natural gas and electricity to the United States. It also summarizes technologies used to extract and upgrade oil from sands, environmental regulations and initiatives, and the relatively small footprint of development compared to oil sands reserves and Canada's boreal forest.
The document discusses issues with Alaska's oil and gas production tax (ACES) and proposes potential fixes. Under ACES, the base tax rate is 25% of net value after costs, with an additional progressive tax of up to 10% applied to the entire net value if the per barrel value exceeds $30. This results in an effective maximum tax rate of 35%. The document suggests implementing a bracketed tax system with varying marginal tax rates applied to incremental revenue above different per barrel price thresholds as a possible fix to address concerns about upside profit limitations under ACES.
This document discusses potential in-state natural gas pipeline projects and uses of natural gas resources in Alaska. It provides details on several proposed pipeline projects that would deliver natural gas from the North Slope to various in-state locations including Fairbanks, Valdez, and Cook Inlet. It also discusses potential value-added manufacturing opportunities using natural gas liquids extracted from the North Slope gas. Key points discussed include estimated costs and capacities of different pipeline proposals, potential tariffs for delivering gas to different markets, and opportunities for petrochemical and liquefied natural gas projects that could use North Slope resources.
Alaska Natural Resource Month's theme this year is "Dream BIG" and asks Alaskans to learn about the state's natural resources, be creative, be innovative, and dream big about Alaska's future. The document provides information about Alaska's major natural resources which include oil and gas, mining, forestry, fisheries, and tourism. It also describes the partnership between Alaska Natural Resource Month and Junior Achievement Alaska to bring educational resources and activities to students statewide during the month of March, including Discovery Day on March 13th, the anniversary of the Prudhoe Bay oil discovery.
Alaska Department of Natural Resources Commissioner Dan Sullivan's presentation to Commonwealth North's Energy Action Coalition "Alaska's Natural Gas Opportunities. "
The Alaska Department of Revenue forecasts that total state revenue will increase from $13.6 billion in FY 2012 to $15.3 billion in FY 2013 and $14.6 billion in FY 2014. Unrestricted General Fund revenue, which is used for budget planning, is forecast to decline from $9.5 billion in FY 2012 to $7.5 billion in FY 2013 and $7.0 billion in FY 2014 due to lower oil and gas production tax revenue. Restricted revenue, which includes the Constitutional Budget Reserve Fund and Permanent Fund earnings, is forecast to increase by over $3.7 billion between FY 2012 and FY 2013. Oil revenue continues to be the largest source of
This presentation discusses the CINGSA natural gas storage facility and gas supply in Cook Inlet, Alaska. CINGSA began injections in 2012 and will allow storage of 11 billion cubic feet of gas to meet 45% of winter demand. While drilling activity has increased, production continues to decline, potentially leading to a supply shortfall by 2015. Importing liquefied natural gas (LNG) or compressed natural gas (CNG) is being evaluated as a way to ensure adequate supply until other options such as exploration or a new pipeline are developed. A decision on imports is expected in early 2013.
This document outlines the key steps for starting an organizational excellence journey based on the Baldrige model. It discusses Ben Park's background working with Baldrige and provides an overview of the Baldrige Organizational model. The rest of the document details the initial 10 steps to begin the process, including developing a mission statement, identifying stakeholders, setting goals and strategies, evaluating processes, creating a balanced scorecard, and developing a strategic plan and communication plan. It concludes by discussing applying for Baldrige recognition.
This document summarizes a presentation given by Scott Goldsmith on Alaska's economic future and the role of a North Slope natural gas pipeline. It discusses how Alaska's economy is currently dependent on petroleum production and the potential economic benefits of a gas pipeline, including billions in additional state revenue over 30 years. It also examines alternatives to petroleum development and strategies for diversifying Alaska's economy. Charts show projections for gas production, prices, and revenues, demonstrating that a pipeline could help sustain the state budget into the future.
The document provides an overview of the Alberta Natural Gas and Conventional Oil Investment Competitiveness Study 2009. The study aims to determine if Alberta is competitive for investment in the natural gas and conventional oil sectors. Key steps in the study include collecting data from industry, analyzing factors of competitiveness, engaging stakeholders, and developing conclusions and recommendations. The project will analyze economic and financial aspects of investment competitiveness through interviews, workshops, and focus groups with government, industry, and financial sectors.
The document summarizes an investment competitiveness study being conducted by the Alberta Department of Energy regarding Alberta's natural gas and conventional oil sectors. The study aims to establish a common understanding of resource economics between the Department and industry stakeholders, and determine what regulatory and fiscal framework is needed to ensure the sectors remain competitive and profitable into the future. A multi-level stakeholder engagement process will be used, involving both executive-level administrators and technical analysts from government, industry and financial institutions. The goal is to facilitate constructive dialogue and maintain positive relationships between stakeholders.
This document summarizes a report on Alaska's oil investment tax structure. It finds that Alaska's current tax structure under ACES must be made more competitive to encourage oil companies to reinvest profits in Alaska. It recommends reducing or capping the progressivity tax and continuing to encourage exploration through tax credits and incentives. The report examines how ACES affects investment and considers alternatives to make Alaska's tax policy maximize long-term production and state revenue over short-term gains.
The document summarizes the objectives and methodology of the Fraser Institute's 2010 Global Petroleum Survey. The survey gathered responses from 645 companies on 17 factors related to upstream oil and gas investment barriers across 133 jurisdictions. The responses were used to create composite indices to facilitate comparison of jurisdictions' commercial/regulatory environments and geopolitical risks. Alaska received scores indicating its factors are generally not strong deterrents to investment, though some receive mild deterrent ratings.
The study found that Cook Inlet gas currently meets nearly all the needs of Alaska utilities, but supply may fall short of demand as early as 2013 without significant new drilling. To meet demand through 2020 would require drilling 185 new wells at a cost of $1.9-2.8 billion. Immediate actions are needed like securing new gas supply agreements between utilities and producers, obtaining gas storage, and streamlining permitting to attract investment and ensure adequate long-term gas supply for Alaska consumers.
This document provides a status report on Alaska's oil and gas production tax to the state legislature. It evaluates six key elements of the production tax system since 2006: 1) Revenue generation has been higher under the current system than the previous one. 2) Industry investment has increased each year but the types of investment are unclear. 3) Exploration has increased since 2003 but dropped in 2010 while development continues in three projects and production declines. 4) Employment and new entrants have risen but dipped in 2010. 5) Tax credit use has risen annually with new credits added. 6) Tax administration has been hampered by lack of data management but first audits are complete. The report concludes that multiple tax law changes make impacts difficult to determine
Ken Thompson, Managing Director of Alaska Venture Capital Group, LLC and Brooks Range Petroleum Company, and former CEO, Chairman, and Executive Vice President for the Asia Pacific Region for ARCO presented to Commonwealth North's (CWN) board and members this morning regarding ACES oil and gas policies, and what meaningful changes need to occur to spur capital investment in Alaska.
This document discusses the history of Alaska's oil production tax system from 1977 to 2010. It describes the major tax reforms over this period including the Economic Limit Factor tax (ELF), Petroleum Profits Tax (PPT), Alaska's Clear and Equitable Share (ACES), and Cook Inlet Incentives (CIRA). It provides an overview of how the different systems taxed oil production, including whether they taxed gross or net production and included capital investment credits or progressive tax rates. The document also shows Alaska's historical oil production levels from 1965 to 2019.
The document discusses Canada's oil sands and their importance in providing energy security and economic benefits to North America while ensuring environmental stewardship. It notes that oil sands development produces jobs and revenues across North America, and that Canada is a stable supplier of oil, natural gas and electricity to the United States. It also summarizes technologies used to extract and upgrade oil from sands, environmental regulations and initiatives, and the relatively small footprint of development compared to oil sands reserves and Canada's boreal forest.
The document discusses issues with Alaska's oil and gas production tax (ACES) and proposes potential fixes. Under ACES, the base tax rate is 25% of net value after costs, with an additional progressive tax of up to 10% applied to the entire net value if the per barrel value exceeds $30. This results in an effective maximum tax rate of 35%. The document suggests implementing a bracketed tax system with varying marginal tax rates applied to incremental revenue above different per barrel price thresholds as a possible fix to address concerns about upside profit limitations under ACES.
This document discusses potential in-state natural gas pipeline projects and uses of natural gas resources in Alaska. It provides details on several proposed pipeline projects that would deliver natural gas from the North Slope to various in-state locations including Fairbanks, Valdez, and Cook Inlet. It also discusses potential value-added manufacturing opportunities using natural gas liquids extracted from the North Slope gas. Key points discussed include estimated costs and capacities of different pipeline proposals, potential tariffs for delivering gas to different markets, and opportunities for petrochemical and liquefied natural gas projects that could use North Slope resources.