Petersburg Pilot -

Oil production in Alaska shows growth not seen since 2002

 


ANCHORAGE, Alaska (AP) — The Alaska Oil and Gas Association has announced that the state had its first year-over-year increase in oil production in more than a decade.

KTUU-TV reports that the figures provided by the Alaska Department of Revenue show that oil production between April 2015 and March 2016 was nearly one percent higher from the previous year. The state has not seen a yearly increase in oil production since 2002.

A spokeswoman for the associatoin, Sarah Erkmann, says the growth can be attributed to tax changes approved by the state Legislature in 2013. She says those changes...



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