02/18/1999 10:04 AM House O&G

      HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                                    
                February 18, 1999                                                                                               
                    10:04 a.m.                                                                                                  
                                                                                                                                
                                                                                                                                
                          COMMITTEE CALENDAR                                                                                    
                                                                                                                                
  Presentation by BP Exploration (Alaska Inc.)                                                                                  
                                                                                                                                
  TAPES                                                                                                                         
                                                                                                                                
  99-7, SIDES A&B                                                                                                               
                                                                                                                                
  CALL TO ORDER                                                                                                                 
                                                                                                                                
  REPRESENTATIVE JIM WHITAKER, Chairman, convened the House                                                                     
  Special Committee on Oil and Gas at 10:04 a.m.                                                                                
                                                                                                                                
  PRESENT                                                                                                                       
                                                                                                                                
  Committee members present at the call to order were                                                                           
  Representatives Whitaker, Phillips, Porter, Harris, Smalley,                                                                  
  and Kemplen.  Representatives Brice and Ogan arrived as the                                                                   
  meeting was in progress.  Representative Dyson was excused.                                                                   
                                                                                                                                
  SUMMARY OF INFORMATION                                                                                                        
                                                                                                                                
  RICHARD CAMPBELL, President of BP Alaska, gave a presentation                                                                 
  to the committee regarding the effect of low oil prices, oil                                                                  
  production, North Slope gas, Alaska's tax structure, and the                                                                  
  company's commitment to the state.  In addition, Mr. Campbell                                                                 
  answered questions from committee members.                                                                                    
                                                                                                                                
  COMMITTEE ACTION                                                                                                              
                                                                                                                                
  The committee took no action.                                                                                                 
                                                                                                                                
  ADJOURNMENT                                                                                                                   
                                                                                                                                
  REPRESENTATIVE WHITAKER adjourned the meeting at 11:35 a.m.                                                                   
                                                                                                                                
  NOTE:                                                                                                                         
                                                                                                                                
  The meeting was recorded and handwritten log notes were taken.                                                                
  A copy of the tapes and log notes may be obtained by                                                                          
  contacting the House Records Office at 130 Seward Street,                                                                     
  Suite 211, Juneau, Alaska 99801-1182, (907) 465-2214, and                                                                     
  after adjournment of the second session of the Twenty-first                                                                   
  Alaska State Legislature in the Legislative Reference Library.