Alaskans finally heard from Cathy Foerster, Commissioner with the Alaska Oil and Gas Conservation Commission (AOGCC) during a Senate Special Committee hearing on TAPS Throughput this afternoon.
All roads to a natural gas pipeline lead through the AOGCC, and there is no pipeline without their blessing. The Commissioner's testimony was educational, and informative. The burden of proof still remains in the oil producers' court. In addition, we learned that the TAPS decline rate has been reduced and Alaskans should be very excited.
I hope you take the time to watch the Commissioner's testimony because this is a responsible step on behalf of the Senate to get AOGCC's input because the legislature did not seek AOGCC's input during the AGIA debate. A $500M oversight.