Why Alaska is Reconsidering a Texas-Inspired Oil Tax Cut

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A water truck parked near a drilling rig operated by Fasken Oil and Ranch, Ltd.. Drilling rigs use of water is a salient issue for the industry, particularly under drought conditions such as those experienced in the past year by Midland, Texas, and other similar areas of oil production.
A water truck parked near a drilling rig operated by Fasken Oil and Ranch, Ltd.. Drilling rigs use of water is a salient issue for the industry, particularly under drought conditions such as those experienced in the past year by Midland, Texas, and other similar areas of oil production.

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Hoping to spur the kind of oil boom seen recently in states like Texas and North Dakota, the Alaska Legislature last year voted to cut taxes on oil companies. But some Alaska lawmakers now say that may have been a mistake. Read the full story at StateImpact Texas.