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Cook Inlet exploration activity heats up

May 26, 2013

Just three years ago Alaska’s Cook Inlet was considered by many to be a dry basin, with production in decline. Now two jack-up rigs are active exploring for oil and gas with many more planned.

This week Governor Sean Parnell signed the oil tax reform Senate Bill 21, the More Alaska Production Act, into law (photo).  This historic legislative package could very well move Alaska forward and spur new investment and production. The Bill eases the taxation burden for exploration and production companies.

In the Cook Inlet :

The State posts up to date maps of Cook Inlet drilling activity. See source e).



The State of Alaska is trying to kick-start its energy exploration sector with a new taxation regime. Activity in the Cook Inlet in a the past three years has been a bright spot for Alaska’s oil and gas sector.



Source: Alaskanomics- J.J. Harrier, VP Communications Director, Anchorage Chamber of Commerce