Monday, March 8, 2010

Proposed Regulations for Alaska Gas

Alaska Department of Natural Resources Division of Oil and Gas have published regulations aimed at setting values on Alaska gas for royalty purposes. See below:

The Proposed Regulation LINKS:

(11 AAC Royalty Election Under Alaska Gasline Inducement Act.)

(Gas 15 AAC Gas Production Tax Exemption under Alaska Gasline Inducement Act)

Quote:

This chapter applies only to a person that qualifies for royalty inducements provided in AS 43.90.300, AS 43.90.310, AS 43.90.330 and this chapter, by acquiring firm transportation capacity in the first binding open season of the project described in 11 AAC 25.020, or that holds a voucher issued by the commissioners under AS 43.90.330 and this chapter. For these persons, it: (1) establishes a method that the person, if qualified, may elect to use in calculating the monthly value of the state’s royalty share of gas shipped in firm transportation capacity acquired through a commitment made as provided in 11 AAC 25.020(b); and (2) establishes terms that a person, if qualified, may elect to govern the state’s exercise of its right to switch between taking its royalty-in-value or in-kind for gas to be shipped in firm transportation capacity acquired through a commitment made as provided in 11 AAC 25.020(b).

More information available at the DNR DOG website (LINK)

1 comment:

Noah Webster said...

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