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

COVID-19. (Image courtesy CDC)
State reports 2nd-highest daily case increase; 10 new cases at Heritage Place

100% remote learning continues for central pen. schools through Dec. 18

Safety officials warn of home fire risks

Placing combustible materials too close to heat sources is also a common cause of fire death.

In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. (AP Photo / Al Grillo)
Trump administration denies Pebble permit

The rejection was a surprise.

Ben Weagraff, Olivia Orth and Brian Mazurek stand next to a freshly cut black spruce off Funny River Road in Soldotna, Alaska on Dec. 8, 2019. (Photo by Victoria Peterson)
Refuge opens for holiday tree-cutting

Through Dec. 25 people can chop down a tree for Christmas in many areas of the refuge.

People are seen walking into Walmart on Wednesday, November 25 in Kenai, Alaska.
Stores adjust Black Friday shopping to pandemic

National retailers, local businesses and craft fairs will offer sales while emphasizing safety

File
Seward face covering mandate goes into effect Wednesday

It remains in effect for 30 days or until the declaration of emergency expires and is not renewed

COVID-19. (Image courtesy CDC)
13 COVID deaths announced, 3 on peninsula

DHSS reported 583 new cases in Alaska on Tuesday

Image via Kenai Peninsula Borough School District
District extends remote learning through Dec. 18 for 34 schools

Dec. 18 is the end of the quarter for most district schools

Most Read