1:19
Speaker B
77:53 - 79:12
"at $100 per barrel oil, it would be a reduction to state revenue in most years under this worst-case production scenario, and that again has to do to do with just the value of those barrels, we're actually in this worst-case production scenario, we're actually forecasting that oil production will be lower than it would be absent the AK LNG project."
“at $100 per barrel oil, it would be a reduction to state revenue in most years under this worst-case production scenario, and that again has to do to do with just the value of those barrels, we're actually in this worst-case production scenario, we're actually forecasting that oil production will be lower than it would be absent the AK LNG project.”
- Speaker
- Speaker B
- Timestamp
- 77:53 – 79:12
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 8, 2026
From the transcript
Slide 41 is the first of our $100 per barrel oil scenarios. So this chart shows our baseline oil production scenario, and at $100, we actually have 3 years of reductions to state revenue during the early years as companies are offsetting that net profits tax calculation with lease expenditures. But then once full exports begin, the positive revenue to the state is more significant with over $1 billion per year additional production tax royalty from the upstream producers in our baseline oil production scenario. In the worst-case production scenario, which is shown on slide 42, at $100 per barrel oil, it would be a reduction to state revenue in most years under this worst-case production scenario, and that again has to do to do with just the value of those barrels, we're actually in this worst-case production scenario, we're actually forecasting that oil production will be lower than it would be absent the AK LNG project.
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