AK SB192

Establishes a minimum production tax of 10 percent of gross value at the point of production for oil and gas produced by producers with average daily production exceeding 50,000 BTU equivalent barrels.

Creates three tiered tax rate structures based on oil price and producer status: producers with 2008-2011 production history face a base rate of 0.27 percent on production below target volumes; excess production above target volumes taxed at 0.14 percent; new producers face 0.05 percent on production from leases not in commercial production before January 1, 2008, with all rates tied to price thresholds above specified base amounts ($60, $75, or $90 per barrel).

Establishes a target volume formula using 2008 and 2011 production data with a decline percentage to determine which tax tier applies, preventing producers from increasing target volumes through acquisitions if the acquired producer had no 2008-2011 production.

Requires annual adjustment of base amounts beginning March 1, 2014, based on the United States Consumer Price Index increase, with adjustments applied retroactively to January 1 of each year.

Directs the Department of Revenue to develop and maintain a public petroleum information management system by January 1, 2014, to collect and distribute oil and gas exploration, development, and production data; requires the Alaska Oil and Gas Conservation Commission, Department of Natural Resources, and Department of Labor and Workforce Development to provide relevant information to support the system.