But Wielechowski said he is concerned about the exposure to the state at lower oil prices — when the per-barrel allowance would be higher — and doesn't think the existing participating areas in the legacy fields need any more help.
"I still think it has a long, long way to go," said the Anchorage Democrat, who was still analyzing the bill. "It's still a big giveaway, but it's mildly better than what the Senate version was, I would say."
Feige said having a "slightly lower" level of government take at lower oil prices "should greatly enhance" the economics for the companies. But he said there's a sense, too, that the state "should have a little bit more of a bite" when prices are higher.
"It's not an onerous extra bite, but we're trying to be fair to the people of Alaska," he said.
Follow Becky Bohrer at http://twitter.com/beckybohrerap .