Office of Governor
By Staff
April 18, 2012 Juneau, Alaska – Governor Sean Parnell today transmitted legislation to change Alaska's oil tax regime to foster new production and encourage further development of current sources to stem the decline in North Slope production. The Alaska Legislature convenes today in a special session to address oil taxes, an Alaska gasline, and human trafficking legislation.
“Alaskans are well aware that oil production is declining from our legacy fields,” Governor Parnell said. “The cost of maintaining a declining field goes up year after year, and higher cost barrels of oil get left in the ground if they are not economic to produce.
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