yes, this is nothing to be excited about.

We pay the costs and they take the oil as free "new oil" on which the oil companies demanded secrecy and refused to install meters.

"The state is proposing meticulous new requirements -- such as round-the-clock meters on every well -- to make sure the new oil is measured as accurately as possible, and that oil from already-producing areas is not mistakenly counted as new oil.

AOGA, which represents 15 of the Alaska oil industry's top companies, expanded on its earlier arguments to say the proposed metering requirements couldn't physically be met or were so costly they could kill projects."

https://www.adn.com/energy/article/public-comment-alaska-oil-tax-cut-conoco-wants-secrecy-new-oil-incentive/2013/09/03/

But then, people keep going on about opening ANWR even though the legislature was told under SB21, it would cost the state $9 Billion.

I don't think we can afford all this corporate welfare.