Last week, Gov. Parnell introduced new oil and gas tax legislation. The governor’s proposal is a huge improvement over the current law and is a major step in the right direction for Alaska — and Alaskans.
You may not have heard of Armstrong Oil & Gas, Inc., but we, and our affiliates, began extensive work exploring new oil and gas potential in Alaska in 2000. Since then, we have been responsible for the origination of three of the most recent standalone developments in the state; two on the North Slope and one in Cook Inlet.