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Black Gold Rush

Buisness Facilities Contributed Content

Breakthroughs in horizontal drilling techniques, decades in development, suddenly made it possible to pull billions of barrels of high-grade oil out of the huge Bakken shale deposits that stretch continuously across the western half of North Dakota and into the northeastern corner of Montana. Last year, CA Gov.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments.

Income 75