Grudgingly

Mixed Reaction to Alaska Tax Overhaul to Support Gas Line

The big three North Slope producers — BP plc, ExxonMobil Corp. and ConocoPhillips — may only grudgingly approve of the proposed revamp of Alaska’s oil and natural gas tax system, but independents, including Anadarko Petroleum Corp. and Pioneer Natural Resources Corp., are more enthusiastic, executives said last week. The state legislature is conducting hearings on the proposal, which is tied into a tentative deal struck with Gov. Frank Murkowski’s office last month on the long-awaited gas pipeline project.

March 6, 2006

Producers Have Mixed Reaction to Alaska Tax Overhaul to Support Gas Line

The big three North Slope producers — BP plc, ExxonMobil Corp. and ConocoPhillips — may only grudgingly approve of the proposed revamping of Alaska’s oil and natural gas tax system, but independents, including Anadarko Petroleum Corp. and Pioneer Natural Resources Corp., are a lot more enthusiastic, executives said this week. The state legislature is conducting hearings on the proposal, which is tied into a tentative deal struck with Gov. Frank Murkowski’s office last month on the long-awaited gas pipeline project.

March 3, 2006