Hilcorp requests inlet royalty reductions
Division of Oil and Gas approves 5% royalty for oil production from Monopod Platform, denies reduction for Steelhead oil production Kristen Nelson
The Alaska Division of Oil and Gas has approved one Cook Inlet royalty reduction request from Hilcorp Alaska and denied a second.
The requests are based on a state statue which allows lessees of oil fields offshore in Cook Inlet to pay a reduced royalty rate — 5% vs. 12.5% — for production from a p....
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Monopod Platform Steelhead Platform
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