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Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
Alaska: Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12 ...
[39] [40] Texas soon became dominant as the nation's leading oil producer. By 1940, Texas production was twice that of California, the next largest U.S. producer. [36] [41] In 1930, Columbus Marion Joiner, a self-educated prospector, discovered the East Texas Oil Field, the largest oil discovery that had ever been made. [42]
Conoco is among the most active oil companies in Alaska’s Arctic, and secured a federal approval from the Biden administration for its $8 billion Willow project there in 2023, angering ...
Checks from Alaska's oil-wealth fund will begin going out to residents three months early, Gov. Mike Dunleavy said, citing economic hardships caused by the coronavirus. ... This year's check is ...
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 ...
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...