
Dan Stickel
127:33 - 128:16
"The— with the alternative volumetric tax that reduces that breakeven price into the global market down to— from $9.05 down to $8.62 per 1,000 cubic feet."
“The— with the alternative volumetric tax that reduces that breakeven price into the global market down to— from $9.05 down to $8.62 per 1,000 cubic feet.”
The— with the alternative volumetric tax that reduces that breakeven price into the global market down to— from $9.05 down to $8.62 per 1,000 cubic feet. And then slide 30 is a similar chart. The breakeven prices between slide 29 and slide 30 are the same. The difference between slide 29 and slide 30— so slide 30 is the version as amended on the floor, including the past through entity tax. And so since we model the return to the developer on a pre-tax IRR basis, that didn't impact our break-even price analysis.
The Alaska Senate added a corporate income tax on oil and gas pass-through entities like Hilcorp to the AK LNG gas-pipeline bill (HB 381), effective 2028 regardless of the project.

State economist Dan Stickel told a legislative conference committee Friday that the Senate version of HB 381 reduces the Alaska LNG export break-even price from $9.05 to $8.62 per thousand cubic feet — still above current futures market prices near $8 — prompting Rep. Justin Ruffridge to say the project simply "doesn't work."
