Wow, it only took a system that will amount to a net zero production tax with an additional $707 million dollar loss for the projected state payments to industry for FY2017. I wonder what the projected royalty revenue for the year will be for the state. When we know that we can deduct the $707 million and then calculate our true losses.

 The prediction of a potentional increase of up to 4% probably doesn't account for the announced cutbacks by both major and minor producers starting this year.