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Reporting From Alaska- Pikka oil project will provide no state production tax revenue until 2034
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Reporting From Alaska- Pikka oil project will provide no state production tax revenue until 2034
Anyone looking for a small example of why Alaska’s oil tax system needs repair can find it in the latest state analysis of the Pikka oil project, set to begin producing up to 80,000 barrels of oil a day in 2026. It won’t begin producing state production tax revenue until 2034.The Anchorage Daily News had this detailed account about how Pikka is expected to generate about $200 million a year for the state, mainly from royalty oil.Wickersham’s Con…
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