Alaska Upstream Fiscal and Regulatory Report - Tax Credit Reductions Increase Fiscal Burden, Further Reductions Possible

Alaska Upstream Fiscal and Regulatory Report - Tax Credit Reductions Increase Fiscal Burden, Further Reductions Possible

Summary

“Alaska Upstream Fiscal and Regulatory Report - Tax Credit Reductions Increase Fiscal Burden, Further Reductions Possible”, presents the essential information relating to the terms which govern investment into Alaska’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Alaska’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Alaska
  • Assessment of the current fiscal regime’s state take and attractiveness to investors
  • Charts illustrating the regime structure, and legal and institutional frameworks
  • Detail on legal framework and governing bodies administering the industry
  • Levels of upfront payments and taxation applicable to oil and gas production
  • Information on application of fiscal and regulatory terms to specific licenses
  • Outlook on future of fiscal and regulatory terms in Alaska
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Alaska’s upstream oil and gas sector
  • Evaluate factors determining profit levels in the industry
  • Identify potential regulatory issues facing investors in the country’s upstream sector
  • Utilize considered insight on future trends to inform decision-making


  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Alaska, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
    • Table Figure 3: Alaska, Indicative NPV10/boe, IRR and State Take Comparison - Regional Peers, 2016
  • Key Fiscal Terms
    • Bonus Bid
      • Table Alaska, Average and Minimum Bonus Bids (US$) Per Acre by Area, 2012-2015
    • Rental Fees
      • Table Alaska, Annual Rental Fees, Land Act
      • Table Alaska, Annual Rental Fees, North Slope, Beaufort Sea, Cook Inlet, 2013-2015
    • Royalty
      • Unconventional Gas Royalty Modification
      • Uneconomic Field Royalty Modification
      • Cook Inlet Royalty Modification
      • Cook Inlet Specific Field Royalty Modification
      • Cook Inlet Specific Field Production Threshold Royalty Modification
        • Table Alaska, Royalty Rate (%), Cook Inlet Specific Field Production Threshold Royalty Modification
    • Net Profit Sharing Lease
      • Table Alaska, NPS Rates (%), Selected Leases, Lease Sale 30, Beaufort Sea, 1979
      • Table Alaska, Fixed NPS Rates (%), Lease Sale Rounds
    • Production Tax
      • 2014 Production Tax
        • Table Alaska, Minimum Production Tax North of 68°N Latitude, 2016
    • Historical Production Taxes
      • Alaska's Clear and Equitable Share
    • Property Tax
    • Corporate Income Tax
      • State Corporate Income Tax
        • Table Alaska, State Corporate Income Tax, Tax Years Beginning on or after August 26, 2013
        • Table Alaska, State Corporate Income Tax, Tax Years Beginning before August 26, 2013
      • Federal Corporate Income Tax
        • Table US, Federal Corporate Income Tax Rates, 1993-2013
      • Deductions and Depreciation
        • Table US - Alaska, 7-Year & 5-Year GDS Depreciation Rates (Half-Year Convention) (%)
    • Branch Profits Tax
    • State Incentives
      • Cook Inlet Production Tax Limits
      • Initial Production Exemption
      • North Slope New Field Production Tax Basis Reduction
      • Exploration Incentive Credit
      • Alternative Credit for Exploration
        • Table Alaska, Alternative Credit for Exploration
      • Qualified Capital Expenditure Credit
      • Cook Inlet Jack-Up Rig Credit
      • Carried-Forward Annual Loss Credit
      • New Area Development Credit
      • Small Producer Credit
      • Producer's Tax Credit on Volume
        • Table Alaska, North Slope Production Tax Credit, 2014 onwards
      • Transitional Investment Expenditure Credit
      • Gas Exploration and Development Tax Credit
      • Gas Storage Facility Tax Credit
      • State Application of Federal Tax Credits
    • Federal Incentives
      • Depletion Allowance
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Alaska, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Alaska, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
    • Licensing Process
    • License Terms
      • Duration
      • Obligations
  • Outlook
  • Contact Information

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