Speaker B
82:24 - 83:06
"we're getting the property tax revenue and the royalties from gas are largely being offset by reduced royalties from oil, given the lower oil production. But the most significant impacts here in these $100 barrel oil with the worst-case oil production scenarios is due to reductions to production tax revenue."
“we're getting the property tax revenue and the royalties from gas are largely being offset by reduced royalties from oil, given the lower oil production. But the most significant impacts here in these $100 barrel oil with the worst-case oil production scenarios is due to reductions to production tax revenue.”
- Speaker
- Speaker B
- Timestamp
- 82:24 – 83:06
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 8, 2026
From the transcript
Slide 53 is our $100 oil price case with our worst-case production scenario under current law. That would be $9.3 billion of cumulative reduction to state revenue. And you can see what's going on here is we're getting the property tax revenue and the royalties from gas are largely being offset by reduced royalties from oil, given the lower oil production. But the most significant impacts here in these $100 barrel oil with the worst-case oil production scenarios is due to reductions to production tax revenue.
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