Nabors drilling rigs sit idle at Prudhoe Bay in this May 25 photo. State regulators are working to finalize the method for assessing oil and gas properties for tax value that they have been using for the past several years. The new regulations apply to all oil and gas properties other than the Trans-Alaska Pipeline System. (Photo/Michael Dinneen/For the Journal)

Nabors drilling rigs sit idle at Prudhoe Bay in this May 25 photo. State regulators are working to finalize the method for assessing oil and gas properties for tax value that they have been using for the past several years. The new regulations apply to all oil and gas properties other than the Trans-Alaska Pipeline System. (Photo/Michael Dinneen/For the Journal)

State works to formalize method for assessing oil and gas properties

Some of the affected parties are raising concerns as state tax assessors are finalizing a methodology for valuing oil and gas properties other than the Trans-Alaska Pipeline System for the first time.

Alaska Petroleum Property Assessor Jim Greeley said in an interview that the way the state currently assess values for oil and gas properties isn’t new; it’s been phased in over the last five years.

Read more here

More in News

Protesters stand with signs in support of federal employees, federal lands and the U.S. Constitution stand along the Sterling Highway in Soldotna, Alaska, on Monday, Feb. 17, 2025. (Jake Dye/Peninsula Clarion)
Soldotna protesters call for Congress to oppose executive overreach

The local display was part of a “No Kings on President’s Day” effort orchestrated by the online 50501 movement.

Syverine Bentz, coastal training program coordinator for the Kachemak Bay Research Reserve, displays a board of ideas during a Local Solutions meeting focused on salmon at the Cook Inletkeeper Community Action Studio in Soldotna, Alaska, on Monday, Feb. 10, 2025. (Jake Dye/Peninsula Clarion)
In search of salmon solutions

Cook Inletkeeper hosts meeting to develop community project to help salmon.

Lisa Gabriel, left, watches as beach seine nets are pulled from the waters of Cook Inlet at a test site for the gear near Kenai, Alaska, on Tuesday, July 30, 2024. (Jake Dye/Peninsula Clarion)
CFEC to consider seines for east side setnet fishery

The change is contingent on the State Board of Fisheries approving the gear during their March meeting.

A map of 2025 construction projects scheduled for the Kenai Peninsula. (Provided by Alaska Department of Transportation and Public Facilities)
Department of Transportation announces construction plans

Most of the projects include work to various major highways.

Seward City Hall is seen under cloudy skies in Seward, Alaska, on Thursday, Nov. 7, 2024. (Jake Dye/Peninsula Clarion)
Seward adds full-time staffer for recently restarted teen rec room

Seward’s Parks and Recreation Department reclaimed responsibility for teen programming at the start of this year.

Gavin Ley stands with the “Go-Shopping Kart” he designed and built in his career and technical education courses at Nikiski Middle/High School in Nikiski, Alaska, on Tuesday, Feb. 11, 2025. (Jake Dye/Peninsula Clarion)
Nikiski students learn professional skills through technical education

Career and technical education gives students opportunity to learn skills, express themselves creatively, work cooperatively and make decisions.

Nikiski teachers, students and parents applaud Nikiski Middle/High Principal Mike Crain as he’s recognized as the Alaska Association of Secondary School Principals 2025 Region III Principal of the Year by the Kenai Peninsula Borough School District’s Board of Education during their meeting in Soldotna, Alaska, on Monday, Feb. 3, 2025. (Jake Dye/Peninsula Clarion)
Nikiski principal named Region III principal of the year

Crain has served as Nikiski’s principal for three years.

An 86 pound Kenai River king salmon is measured in Soldotna, Alaska, on June 29, 1995. (M. Scott Moon/Peninsula Clarion File)
Kenai River king salmon fishing closed entirely for 3rd year

Kenai River king salmon were designated a stock of management concern in 2023.

The Kenai Peninsula College Main Entrance on Aug. 18, 2022, in Soldotna, Alaska. (Jake Dye/Peninsula Clarion)
University of Alaska Board of Regents to meet in Soldotna

The last time the board met on the Kenai Peninsula was April 2012.

Most Read