Commentary

Hilcorp, in acquiring BP’s Alaska assets, follows a record of cooperation with our state government that by working together each will formulate a tax solution that will be instrumental in the continued development of Alaska’s energy industry.

The current deliberations from our legislative body on an appropriate tax structure must be fair and equitable in the interests of both Hilcorp and Alaska. So far, the deliberations have failed to reach a resolve, and the tax issue appears to be at a stalemate.

The acquisition of BP’s Alaska holdings by Hilcorp in 2020 meant that the profits on those ass...