03/23/1993 05:20 PM Senate O&G

  SENATOR LEMAN  called the Special  Committee on Oil  and Gas                 
  meeting to order at 5:20 p.m. and announced SB 151 OIL & GAS                 
  EXPLORATION INCENTIVE CREDITS to be up for consideration.                    
                                                                               
  JIM EASON, Director, Division of Oil and Gas, said they have                 
  awarded approximately $38 million in credits under the state                 
  incentive program, AS 38.05.180, beginning in 1979.                          
                                                                               
  HUGH DOOGAN,  Fairbanks, opposed  both SB  150  and SB  151,                 
  because it gives  the oil and gas  industry complete control                 
  of  our resources.  It does nothing  for the backbone of the                 
  oil industry which are the independent drillers.