Skinner AK you also mostly correct except it is ONLY your Oil & Gas when you drill and you capture it, right? 

So if you drill it then find it and produce it and transport it and then sell it then you get value for your oil and or gas, right?

I am being respectful, please understand not one Alaskan has ever been able to risk their own money to buy a oil & gas lease from the State's DNR DOG annual lease sale and then pay for an Oil Spill Contingency Plan to permit a well with a half a dozen oil and gas bureaucracies with nation's highest bonds!!

Skinner AK, since not one Alaskan or smaller oil company has made a profit from finding and selling oil with the tax credits incentives how will an Alaskans ever capture and own the oil without these incentives? 

It seems the majors have got the DNR to priced Alaskans and smaller companies out of the oil and gas business, fix that and the state will prosper from more oil & gas production, so keep it as it is and the majors will keep it all,?