HB 247 will help the majors and kill small oil and gas operators who are trying to find new oil to fill TAPS. Alaska will go broke if we do not help small oil and gas operators in their efforts to find new oil. Oil tax incentives with a clear goal will help us get new oil. SB 21 did not bring the promised benefits to Alaska as promoted by the majors. So we need to change how we use our taxing power to reward those who will actually find new oil and take away credits from the majors or anyone else if they do not find new oil or sit on oil waiting for oil prices to rise.