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    May 16, 2012 |Story| AP Alaska
  1. Alaska Special Session Cost at Nearly $404,000

    Last month's 13-day special legislative session has so far cost nearly $404,000.
    By Becky Bohrer
    Last month's 13-day special legislative session has so far cost nearly $404,000.     Jessica Geary, finance manager for Legislative Affairs, says she expects the figure to rise. Costs are still being tabulated.     Gov. Sean Parnell called a special...

    Tags: Sean Parnell

  2. May 15, 2012 |Story| AP Alaska
  3. North Dakota Passes Alaska to Become Nation's Second-Leading Oil Producer

    North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas.
    Stephen J. Lee, Grand Forks Herald
    North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas.     State Mineral Resources Director Lynn Helms tells the Grand Forks Herald (http://bit.ly/L6cLo1) that North Dakota oil production in...

    Tags: Petroleum Industry

  4. May 4, 2012 |Story| KTUU
  5. Parnell: Special Session is Over, He's Not Likely To Call Another This Year

    Governor Sean Parnell (R-Alaska) is saying tonight that even though he has the power to call a second Special Session, it's unlikely that he'll do so.
    Governor Sean Parnell (R-Alaska) is saying tonight that even though he has the power to call a second Special Session, it's unlikely that he'll do so. Parnell spoke with KTUU-TV Friday, one week after the special session came to an abrupt end. On...

    Tags: Natural Resources, U.S. Geological Survey, Sean Parnell, U.S. Senate Committee on Finance, Elections

  6. Apr 12, 2012 |Story| KTUU
  7. State Senate Oil Tax Bill Doesn't Reach Floor, Sent to Rules Committee

    The state Senate decided at the last possible moment Thursday not to have a floor debate on one of its key pieces of legislation in the 2012 session -- oil tax reform.
    Channel 2 News
    The state Senate decided at the last possible moment Thursday not to have a floor debate on one of its key pieces of legislation in the 2012 session -- oil tax reform. The bill had finally come out of committee Wednesday evening, and its failure to reach...

    Tags: Sean Parnell, Government, Companies and Corporations, U.S. Senate Committee on Finance, Economy, Business and Finance

  8. Apr 13, 2012 |Story| KTUU
  9. Some State Bills Move Forward in Regular Session's Final Days

    Some state bills are moving forward, with time running out in the regular session of the Legislature. It now appears that things are beginning to happen -- some of them unexpected.
    Channel 2 News
    Some state bills are moving forward, with time running out in the regular session of the Legislature. It now appears that things are beginning to happen -- some of them unexpected. Late Friday, the House Health and Social Services Committee unexpectedly...

    Tags: Johnny Ellis, Sean Parnell, Health, Behavioral Conditions, Autism

  10. Apr 14, 2012 |Story| KTUU
  11. Oil Tax-Reform Inches Forward

    As things wind down on the current legislative session, there has been an important move on a key issue: oil tax reform.
    Channel 2 News
    As things wind down on the current legislative session, there has been an important move on a key issue: oil tax reform. This morning a Senate committee modified a measure which would allow for oil exploration in largely unexplored areas -- like Nenana....

    Tags: Politics, Petroleum Industry

  12. Apr 14, 2012 |Story| KTUU
  13. Senate Passes Tax Credit for "New" Oil -- Bill Now Heads to House

    With just one day left in the regular session, the Alaska State Senate finally passed a long-awaited measure to provide a substantial oil tax break for explorers.
    With just one day left in the regular session, the Alaska State Senate finally passed a long-awaited measure to provide a substantial oil tax break for explorers. The Bill -- an amended version of House Bill 276 -- leaves the old ACES tax system in...

    Tags: Sean Parnell, Tax Credits, Politics, Autism, Credit and Debt

  14. Apr 16, 2012 |Story| KTUU
  15. Governor Calls Special Session, Lawmakers Prepare for More Work

    Gov. Sean Parnell's call for a special session has stopped Legislature staffers who were packing boxes inside the State Capitol Monday. Instead, they're now settling in for what could be a long, contentious 30 days.
    Gov. Sean Parnell's call for a special session has stopped Legislature staffers who were packing boxes inside the State Capitol Monday. Instead, they're now settling in for what could be a long, contentious 30 days. After watching three important...

    Tags: Natural Resources, U.S. Geological Survey, Sean Parnell, Petroleum Industry, Home Heating

  16. Apr 20, 2012 |Story| KTUU
  17. Alaska's Revenue Commissioner Gets Tough Questioning From State Senators

    "Same pig, different lipstick."
    "Same pig, different lipstick." That's what one Alaska State Senator said Friday after a hearing in which the Department of Revenue described the Governor's new tax plan to the Senate Resources Committee. The colorful comment was meant to convey a...

    Tags: ConocoPhillips, Sean Parnell, Alaska Legislature, Government, Companies and Corporations

  18. Apr 23, 2012 |Story| AP Broadcast
  19. ConocoPhillips 1Q Profit Drops 3 Pct

    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.NEW YORK (AP) - ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.
    Channel 2 News
    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share,...

    Tags: Natural Resources, ConocoPhillips, Companies and Corporations, Natural Gas, Environmental Issues

  20. Apr 25, 2012 |Story| KTUU
  21. Gov. Sean Parnell Removes Oil Tax Reform From Special Session

    Gov. Sean Parnell has removed oil taxes from his call for a special session Wednesday, leaving the Legislature to consider only bills for the possible construction of a small-diameter natural gas pipeline.
    Channel 2 News
    Gov. Sean Parnell has removed oil taxes from his call for a special session Wednesday, leaving the Legislature to consider only bills for the possible construction of a small-diameter natural gas pipeline. Parnell's supplemental proclamation removes...

    Tags: Natural Resources, Sean Parnell, Government, Environmental Issues, Energy Resources

  22. Mar 21, 2012 |Story| KTUU
  23. Oil Companies Ask for Big Tax Breaks Promising Big Investments on the North Slope: Some Lawmakers Not So Sure

    So what could you do with a tax break of $700-thousand a day for the next ten years? A lot, huh.
    Channel 2 News
    So what could you do with a tax break of $700-thousand a day for the next ten years? A lot, huh. Well the three major oil producers on the North Slope say they couldn't do much with that kind of money. Just manage a continued, steady decline there. On...

    Tags: Finance, Sean Parnell, Companies and Corporations, U.S. Senate Committee on Finance, Economy, Business and Finance

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