A First Look at FY20 Oil Production

Posted on November 9, 2018February 23, 2021 by Ed King

The Alaska Department of Natural Resources should be done with its production forecast. Over the next few weeks, The Department of Revenue will insert that forecast into their revenue model and discuss things with treasury, the APFC, and OMB. Ultimately, they will publish the Revenue Sources Book along with the budget in early December. There[…]

What Will GMT1 Produce For The State Budget?

Posted on November 5, 2018February 23, 2021 by Ed King

ConocoPhillips Alaska did a great job of getting the first Greater Moose’s Tooth (GMT1) development into production, ahead of schedule and under budget. We are all excited to have the new oil flowing. It signals the beginning of another renaissance for the North Slope. But, the oil is coming from non-State land in the NPR-A.[…]