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The Alaska Purchase was the purchase of Alaska from the Russian Empire by the United States for a sum of $7.2 million in 1867 (equivalent to $129 million in 2023) [1].On May 15 of that year, the United States Senate ratified a bilateral treaty that had been signed on March 30, and American sovereignty became legally effective across the territory on October 18.
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 ...
Alaska Measure 2 was a successful 2014 ballot measure in the U.S. state of Alaska, described as "An Act to tax and regulate the production, sale, and use of marijuana". [1] The measure went into effect on February 24, 2015, allowing Alaskans age 21 and older to possess up to an ounce of cannabis and six plants, making Alaska the third state to ...
In 1971, the Alaska Native Claims Settlement Act was signed into law by President Nixon. [1] It abrogated Native claims to aboriginal lands except those that are the subject of the law. [1] [29] In return, Natives retained up to 44 million acres (180,000 km 2) of land and were paid $963 million.
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Prudhoe Bay on Alaska's North Slope is the highest yielding oil field in the United States and on North America, typically producing about 400,000 barrels per day (64,000 m 3 /d). The Trans-Alaska Pipeline can pump up to 2.1 million barrels (330,000 m 3) of crude oil per day, more than any other crude oil pipeline in the United States ...
Suze Orman warned a $2 million nest egg is ‘chump change’, even though the average American falls far short of her target — here's how to catch up on your retirement savings G.J. Allard ...
The Alaska National Interest Lands Conservation Act (ANILCA) of 1980 added 53.7 million acres (217,000 km 2) to the National Wildlife Refuge system, parts of 25 rivers to the National Wild and Scenic Rivers system, 3.3 million acres (13,000 km 2) to National Forest lands, and 43.6 million acres (176,000 km 2) to National Park land. Because of ...