Not true Earl. Only smaller companies are eligible for these credits. "Only smaller companies are eligible for a refundable credit. The big producers — like ConocoPhillips, BP and ExxonMobil — can use credits to reduce their taxes, but they don’t get a refund check." Here is just one article on the subject: http://www.alaskapublic.org/2016/03/30/alaskas-unusual-oil-tax-credit-system-poses-daunting-budget-challenge/