The Alaska Oil and Gas Conservation Commission (AOGCC), the state agency which tracks oil production across Alaska, has released the last of the FY19 oil production data. All production companies are required to report the amount of oil, gas, and water they take out of the ground to AOGCC each month. Those numbers are all[…]
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[…]
Earlier this month, Alyeska Pipeline announced that they were going to layoff 130 people, as part of a reorganization effort to cut costs. As much as I hate to see people lose their jobs, there is a silver lining for the rest of us. When the cost of transporting oil goes down, the value of[…]