Late yesterday, we learned that a new Alaska North Slope independent has purchased Pioneer Natural Resource's Alaska assets. We also learned that the purchaser, Caelus Energy Alaska LLC, is partly motivated by Alaska's new oil tax reform law.
On Monday we editorialized on this subject from the perspective of Repsol, another new entrant, also partly motivated by Alaska's effort to reform a noncompetitive oil tax structure.
Today, Master Resource, with our permission, edited and reformatted our Repsol commentary for national consumption.
If you feel that many industry eyes are on Alaska as this week ends, you might be right.