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Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3 ) of oil. [ 1 ]
A map of northern Alaska showing the location of the National Petroleum Reserve-Alaska (NPRA). The National Petroleum Reserve in Alaska (NPRA) is an area of land on the Alaska North Slope owned by the United States federal government and managed by the Department of the Interior, Bureau of Land Management (BLM). [1]
From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.
President Donald Trump's executive order to boost oil drilling, mining, and logging in Alaska was met with enthusiasm by some state leaders and worry by environmental groups.
ASRC is one of the largest private landowners in Alaska, with ownership in fee simple of 5 million acres of land. ASRC has a royalty position in the Colville River (Alaska) Unit (CRU), home of the Alpine, Alaska oil field. Alpine field production peaked in November 2005, but as of 2012 CRU satellite developments account for nearly a quarter of ...
JUNEAU, Alaska (AP) — President Donald Trump's expansive executive order aimed at boosting oil and gas drilling, mining and logging in Alaska is being cheered by state political leaders who see new fossil fuel development as critical to Alaska's economic future and criticized by environmental groups that see the proposals as worrying in the face of a warming climate.
Jenny Rowland-Shea, the director for public lands at the left-leaning Center for American Progress, said another concern was a leak last year of 7.2 million cubic feet of natural gas at ...