An Act exempting certain natural gas exploration and production facilities from oil discharge prevention and contingency plans and proof of financial responsibility, and amending the powers and duties of the Alaska Oil and Gas Conservation Commission with respect to those plans; and providing for an effective date.
Version : CS HB 197 (RLS) Contact :: 465-2186 Last Action : Signed into Law : 07-19-05 Current Status : Chapter 79 SLA 05 : 07-19-05
05-10-05 : Clarifies DEC's authority to exempt gas exploration wells and production facilities from oil discharge prevention and contingency plans. The legislation also removes the industry's burden of financial responsibility required of wells that do not pose an oil spill threat.
An Act extending and amending the requirements applicable to the credit that may be claimed for certain oil and gas exploration expenses incurred in Cook Inlet against oil and gas properties production (severance) taxes, and amending the credit against those taxes for certain exploration expenditures from other leases or properties in the state and, conditionally, for exploration expenditures made in the Alaska Peninsula competitive oil and gas areawide lease sale area; and providing for an effective date.
Version : CS HB 297 (O&G) Contact :: 465-2186 Last Action :(H) O&G»(H) FIN: 05-04-05
05-04-05 : House Bill 297 extends the January 1, 2007 sunset date on oil and gas credits for exploration expenses, to be applied against production taxes for development in Cook Inlet. The new expiration date will be July 1, 2010.