The bill amends AS 43.55.890 to enhance the disclosure of oil and gas production tax information in Alaska. It allows the department to publish aggregated data from three or more producers or explorers, detailing monthly or yearly statistics by lease or property. The information that can be published includes the amount of oil or gas production, taxes levied, effective tax rates, gross value at the point of production, qualified capital expenditures, exploration expenditures, production tax values, lease expenditures, adjustments to lease expenditures, and applicable tax credits.

Additionally, the bill mandates that the department must make public specific information within 30 days of a request. This includes the total amount of oil and gas produced by each working interest owner in a unit, the estimated gross value at the point of production, estimated transportation costs, estimated production tax values, estimated taxes due, and the amount of state royalty assessed on oil and gas produced by each working interest owner. The amendments aim to increase transparency in the oil and gas sector while ensuring that sensitive information remains protected.

Statutes affected:
HB0206A, AM HB 206, introduced 04/22/2025: 43.55.890