After 41 years with the Alaska Oil & Gas Association, Crockett has announced her retirement effective 31 December.

UPSTREAM: Why does ACES (Alaska’s Clear and Equitable Share) legislation need to be reformed?

CROCKETT: The programme that’s in place today was adopted in 2007 and the most onerous portion of the production tax is a feature called ‘progressivity’. For each dollar the price of oil increases, taxes go up.