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HB206 • 2026

OIL AND GAS DATA

An Act relating to disclosure of oil and gas production tax information.

Energy Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
REPRESENTATIVE MEARS
Last action
2025-05-15
Official status
(H) RES
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about penalties for non-compliance or the impact on smaller producers with less than three units of production.

Oil and Gas Tax Information Disclosure Act

This act requires the department to disclose certain tax information related to oil and gas production, including amounts of production, taxes paid, and other financial details.

What This Bill Does

  • Allows the department to publish aggregated monthly or yearly data on oil and gas production, taxes paid, effective tax rates, gross value at point of production, transportation costs, qualified capital expenditures, exploration expenditures, production tax values, lease expenditures, adjustments to lease expenditures, and tax credits for three or more producers or explorers.
  • Requires the department to release detailed information about each working interest owner in a unit within 30 days of receiving a request.

Who It Names or Affects

  • The department responsible for oil and gas taxation
  • Oil and gas producers and explorers

Terms To Know

Working interest owner
A person or company that has a financial stake in an oil or gas well or lease.
Unit
An area of land where multiple wells are grouped together for the purpose of production and taxation.

Limits and Unknowns

  • The bill does not specify what happens if a producer or explorer requests information that is classified to prevent identification.
  • It's unclear how this act will impact smaller producers who may have less than three units of production.
  • There are no penalties specified for non-compliance with the disclosure requirements.

Bill History

  1. 2025-05-15 Min

    (H) Minutes (HRES)

  2. 2025-05-15 Text

    (H) Heard & Held -- Please Note Time Change --

  3. 2025-05-15 Text

    (H) RESOURCES at 01:00 PM BARNES 124

  4. 2025-05-14 Min

    (H) Minutes (HRES)

  5. 2025-05-14 Text

    (H) Heard & Held -- Delayed to a Call of the Chair --

  6. 2025-05-14 Text

    (H) RESOURCES at 01:00 PM BARNES 124

  7. 2025-04-22 847

    (H) REFERRED TO RESOURCES

  8. 2025-04-22 847

    (H) RES, FIN

  9. 2025-04-22 847

    (H) READ THE FIRST TIME - REFERRALS

Official Summary Text

OIL AND GAS DATA
An Act relating to disclosure of oil and gas production tax information.

Current Bill Text

Read the full stored bill text 
HB0206a -1- HB 206
New Text Underlined [DELETED TEXT BRACKETED]

34-LS0720\N

HOUSE BILL NO. 206

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - FIRST SESSION

BY REPRESENTATIVE MEARS

Introduced: 4/22/25
Referred: Resources, Finance

A BILL

FOR AN ACT ENTITLED

"An Act relating to disclosure of oil and gas production tax information." 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 2
* Section 1. AS 43.55.890 is amended to read: 3
Sec. 43.55.890. Disclosure of tax information. Notwithstanding any contrary 4
provision of AS 40.25.100, and regard less of whether the inform ation is considered 5
under AS 43.05.230(e) to constitute s tatistics classified to prevent the identification of 6
particular returns or reports, the department 7
(1) may publish the following information under this chapter, if 8
aggregated among three or more producers or explorers, showing by month or 9
calendar year and by lease or property, unit, or area of the state: 10
(A) [(1)] the amount of oil or gas production; 11
(B) [(2)] the amount of taxes levi ed under this chapter or paid 12
under this chapter; 13
(C) [(3)] the effective tax rates under this chapter; 14
(D) [(4)] the gross value of oil or gas at the point of production; 15
34-LS0720\N
HB 206 -2- HB0206a
New Text Underlined [DELETED TEXT BRACKETED]

(E) [(5)] the transportation costs for oil or gas; 1
(F) [(6)] qualified capital expe nditures, as defined in 2
AS 43.55.023; 3
(G) [(7)] exploration expenditures under AS 43.55.025; 4
(H) [(8)] production tax values of oil or gas under 5
AS 43.55.160; 6
(I) [(9)] lease expenditures under AS 43.55.165; 7
(J) [(10)] adjustments to lease expenditures under 8
AS 43.55.170; 9
(K) [(11)] tax credits applicable or potentially applicable 10
against taxes levied by this chapter; 11
(2) shall, within 30 days after a request, make public the fol lowing 12
information under this chapter, by unit and by month: 13
(A) the total amount of oil and gas produced by each 14
working interest owner in the unit; 15
(B) the estimated gross value at the point of production of 16
oil and gas produced by each working interest owner in the unit; 17
(C) the estimated transportation costs attributable to oil 18
and gas produced by each working interest owner in the unit; 19
(D) the estimated production tax value of oil and gas 20
produced by each working interest owner in the unit; 21
(E) the estimated tax due under this chapter on oil and gas 22
produced by each working interest owner in the unit, as calcula ted under 23
AS 43.55.020; 24
(F) the amount of state r oyalty assessed on oil and gas 25
produced by each working interest owner in the unit. 26