Alaska oil production falls

Posted: Thursday, January 06, 2011

ANCHORAGE — Oil production on the Alaska North Slope has fallen 7 percent in 2010.

KTUU-TV reports that further drops are forecast for this year but new developments expected to come online may help buffer those declines.

New Department of Natural Resources Commissioner Dan Sullivan says the state should look at unconventional ways to get to oil and gas.

Meanwhile, Gov. Sean Parnell wants to reduce the tax burden on oil companies by offering additional incentives to companies that invest in Alaska. Parnell is proposing some more rollbacks this year.

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