Drilling/fracking (not for new oil, just to prevent massive decline) $6/bbl
Production (pump water and gas into ground to get oil out) $10/bbl
Processing/Separation (turn the oil/gas/water mixture into sell-able crude) $8/bbl
Royalty (12.5 to 15%) $6/bbl
Property Tax $3/bbl
SB21 Production Tax (4% at low oil prices) $2/bbl
Pipeline Transportation $6/bbl
Tanker Transportation $4/bbl
Income taxes... well...  not really paying those right now, so $0
Total $45/bbl

Where do you think those dollars are going?  Look real hard, and you will find they mostly go into paychecks for Alaskans: slope employees, contractors (Native corps), and state employees.  So... yes, if oil is selling for $50/bbl, then they are "making" $5/bbl on average, but add the numbers from above going to the State, and you get $11/bbl.  at $45/bbl, the State still makes $10/bbl, the oil companies make zero.  Simple math. 

Just sayin'...