Natural gas shortages in Cook Inlet gave birth to this tax credit problem and has morphed into a long term revenue situation for small producers with little to no guarantees of return on our investment; at a time when oil was selling at 100,00/bbl or better. 
Many of you may not be aware that there are small producers filing for bankruptcy to get out of various aspects of production such as but not limited to transportation contracts-which includes pipelines.
This isn't to say tax credits shouldn't be utilized to spur exploration and production but it shouldn't take 20 years and 70.00/bbl oil to see a return on 700 million in credits; and 850 million in 2018.
I don't have faith in this legislature, Dems or Repubs. The budget is up over 5 billion now, and even the Governor's plan can't save us.