Nnnnhistory of alaska oil industry books

Jun 24, 2017 alaska s trans alaska pipeline transformed the states economy oil began flowing down the trans alaska pipeline in 1977, transforming alaska into a wealthy state. Larry persily is a close observer of the oil and gas industry. We all know that most of the state of alaska s income is derived from north slope oil that flows through the trans alaska oil pipeline. Oil and gas are generated from a source rock, organic matter buried in the depths of the earth. Native oilfield contractors impact industry in alaska an article from. We are a forprofit alaska native corporation owned by more than 22,000 tlingit, haida, and tsimshian shareholders. What many alaskans and outsiders dont know is where and when the alaska oil story began. Over the past 30 years, alaska geographic has earned its reputation as the publication for those who love alaska.

Mar 09, 2017 repsol finds massive new oil field in alaska. The discovery well, drilled by the richfield oil company today known as arco successfully drilled at swanson river on the kenai peninsula. Most current monthly and annual average employment estimates by industry for alaska, the municipality of anchorage, fairbanks north star borough, and the six economic regions. Oct 06, 2016 alaskas beleaguered oil industry has finally found a lifeline. Significant areas of northern alaska were set aside specifically for oil development as early as 1923. In the 20 fishing season, alaskan fishers were able to accumulate a total of 5. The alaska permanent fund is a constitutionally established permanent fund managed by a stateowned corporation, the alaska permanent fund corporation apfc. Anyone trying to divine the future of the alaska oil industry based solely on the events of this young decade could be forgiven for taking a pessimistic outlook. This includes both the juneau and anchorage offices and lobbies. Opinion america needs alaskas oil the new york times. Understanding alaskas revenue t he revenue picture in alaska is strikingly different than in other states.

Oil industry profitability in alaska 1969 through 1987 deakin, edward b on. The oil industry had a vast new market for what had been for many years a useless byproduct of the distilling process. The petroleum industry is not of recent origin, but petroleums current status as a key component of politics, society, and technology has its roots in the early 20th century. Jack rodericks story of oil and politics in alaska reads like a novel as he tells of the risky, expensive, and mostly frustrating search for oil across the northland. Busting the myths about cheap and unlimited oil being broadcast by rush limbaugh, jerome corsi and other dinosaurs. Sep 28, 2016 on the surface, gender might be the most obvious difference between the leaders of big oil in alaska today and the oil leaders here during the industry s infancy in the 1960s and 70s, but dig. Oil and alaska have maintained a close relationship since oil producers started pumping crude from the. Among alaskas vast resources, gold and oil were the rich twins that put the territory on the map near the turn of the last century, noted tricia brown in a 2012 article. Alaska s main export product after oil and natural gas is seafood, primarily salmon, cod, pollock and crab. Alaska oil production has been declining steadily since 1988, when we produced 25% of all u. By some measures, the oil and gas industry is today the most prominent one in the state. The company stuck big in the national petroleum reserve alaska npra this winter, successfully finding oil at all six of their test wells three exploration and three appraisal, which means. The worst is over for the oil industry in alaska and the nation. He doesnt think the pipeline is going to shut down any time soon, but he does believe that as production declines, alaska will shrink.

The underlying issue is the barriers preventing the oil and gas industry. A black effluvia of crude petroleum and drilling mud and chemical pollutants would spread inshore. Among alaska s vast resources, gold and oil were the rich twins that put the territory on the map near the turn of the last century, noted tricia brown in a 2012 article. Paul decker, petroleum geologist corri feige, director division of oil and gas alaska department of natural resources. The development of oil and gas has evolved over time and its numerous uses have also expanded and become an integral part of todays global economy. Alaska has a lot of what other states wish they had more of oil and gas royalties and none of what other states wish they had less of personal income and state sales tax. Steve marshall, president of bp exploration alaska inc.

Busting the myths about cheap and unlimited oil being broadcast by rush. All five are on the southern portion of the kenai peninsula in southcentral alaska. Seven major companies, big oil, spearheaded the world industry. Rockefeller, who took the oil industry to new heights. Repsol finds massive new oil field in alaska marketwatch. Oct 01, 2006 we all know that most of the state of alaska s income is derived from north slope oil that flows through the trans alaska oil pipeline. Success of alaskas oil and gas industry remains crucial. Oil began flowing down the trans alaska pipeline in 1977, transforming alaska into a wealthy state. The problem of the states inadequate tax base was remedied by the discovery in 1968 of the north slope oil fields, which led to the creation of the trans alaska pipeline, thereby creating jobs and increasing revenue for the state. A small but very successful energy exploration company, caelus energy llc, announced its discovery of a new oil field on alaska. The university of alaska press has released wildcat women. Anchorage ktuu a local economist predicts that multiple industries in alaska will feel the impacts of the novel coronavirus from wuhan china if they havent felt it already. In 1964, the massive good friday earthquake killed 1 people and leveled several villages.

Pulitzerwinning journalist strohmeyer crisis in bethlehem, 1986 examines in relentless, devastating detail the wealth of miseries brought to alaska with the 1967 discovery of oil deposits at. A history of oil and gas in southern alaska by dave summers aug 18. Largescale fracking comes to the arctic in a new alaska oil boom. Alaska s presentday economy is based on oil production, fishing, federal and state both civilian and. Alaska s big three oil companies prefer limited competition. The books homepage helps you explore earths biggest bookstore without ever leaving the comfort of your couch. The premise that oil originated from dinosaurs has been harder to shake, though. Jan 26, 2015 as oil prices fall, alaskas new governor faces a novel goal, frugality.

The katalla discovery well, drilled on private land owned by the alaska development company, marked the first unsteady steps of alaskas petroleum industry. In 1976, the state began setting aside a portion of oil revenues. Did you hear that alaska has more oil than the middle east. Alaska economic trends articles highlighting various alaska industries. Apr, 2017 this is a global story, spurred by continued growth in world oil demand, especially in asia. The history of oil is understood through rising demand, fears of supply shortage, international security concerns and crises, and mounting profits. Economist predicts oil, fishing and tourism industries. The changing face of the oil industry in alaska anchorage. Starting with the december 9, 2019 podcast our 100th, alaskans for sustainable budgets weekly top 3 podcast is moving to the projects page on medium. Apr 12, 2017 largescale fracking comes to the arctic in a new alaska oil boom. More than half of alaskas oil reserve is up for bids cbs news. Weekly printed petroleum newspaper and frequent ealert petroleum news. Signs of new life are now appearing regularly and the oil industry is likely to pull out of the slump soon. The oil indus try employs only a small part of alas alaskas oil patch.

As before, the weekly podcasts also are available at the projects youtube and soundcloud pages, as well as the projects newly created podcast page on spotify. Jan 21, 2014 with sarah palins heavy energy tax no longer an issue, the new alaska oil rush is on. An arco drilling rig has struck oil lots of oil on alaska s remote north slope. Hilcorp surrenders 5 cook inlet leases 04192020 login to read full story the alaska division of oil and gas march lease report had activity on only five leases, all surrendered by hilcorp alaska on march 2. Oil and gas audits if you are in the oil and gas business, the following is a synopsis of what to expect during an audit of your business by the internal revenue service.

Oil industry profitability in alaska 1969 through 1987. Spanish oil company repsol sa said on thursday that it had discovered a giant oil field in alaska, a potential find big enough to help stem. In 1948, the united states became a net importer of oil. More importantly, a series of federal oil and natural gas exploration and leasing programs have been administered in northern alaska intermittently since shortly after world war ii. The author interviews 14 women whove worked on the slope. As oil prices fall, alaskas new governor faces a novel goal. Nov 16, 2017 wednesdays vote in the senate energy committee to approve language to allow oil exploration in anwr is just one of many recent signs that alaska s oil and gas industry is once again on the. On the surface, gender might be the most obvious difference between the leaders of big oil in alaska today and the oil leaders here during the industry s infancy in the 1960s and 70s, but dig. Energy stocks get ready for the new alaskan oil rush. This book was very interesting in the way that it was organized. The tax division offices are closed to the public until further notice. With or without anwr, alaskas oil and gas fortunes.

Alaska department of revenue tax division alaska oil. Their economy is completely tied up in the oil industry, but thats not as safe of a bet as it once was. A portion of oil revenues was set aside in 1976 for future generations. Alaska s oil and gas industry has produced more than 17 billion barrels of oil and billion cubic feet of natural gas. Energy stocks like cop, bp and trp could be some of biggest winners. The trans alaska pipeline system taps is operating at only onethird of its capacity, and.

Operators drilled a record 35 wells in 1966 and had installed 14 offshore production platforms by 1968 rothe 2005, kenai offshore drilling 20. Oil and gas infrastructure expanded rapidly after commercial production began in the late 1950s. Alaska crude oil production is at a current level of 14. The 1968 discovery of oil at prudhoe bay and the 1977 completion of the trans alaska pipeline led to an oil boom. The health and safety of our employees, shareholders and communities is our top priority. Homepage for petroleum news providing coverage of alaska. On the surface, gender might be the most obvious difference between the leaders of big oil in alaska today and the oil leaders here during the industry. No other industry in alaska can match the employment footprint of the oil and gas industry. Public comments on revising alaska oil spill response range from status quo to modernization. History of the oil and gas industry library of congress. Leaving friends and families across the united states, they arrived to find a challenging climate.

Bureau of land management will be accepting oil exploration bids for more than half of the land on a northern alaska petroleum reserve thats the size of indiana. Early drilling rig at katalia in alaska cook inlet oil and gas. The swanson river oil field in kenai is discovered after 166 consecutive dry holes were drilled in alaska production begins 1961. Most current monthly and annual average employment estimates by industry for alaska, the. The historical background of the oil industry in alaska and how the women were part of it was new to me. Oil field support providers help oil producers and make a dynamic impact on alaska s economy. Im a fan of oil industry extraction industry history and non fiction, especially the impacts of the oil industry in alaska. The katalla discovery well, drilled on private land owned by the alaska development company, marked the first unsteady steps of alaska s petroleum industry. Understanding alaskas budget understanding alaskas. It was established in alaska in 1976 by article 9, section 15 of the alaska state constitution under governor jay hammond. Ua press releases book about women in the alaskas oil and. This book is a unique oil industry extraction industry history describing the stories of women working in the alaskan oil patch known as the north slope. The series boasts more than 100 books to date, featuring communities from barrow to ketchikan, animals from bears to dinosaurs, history from the russian explorers to today, and natural phenomena from the aurora to glaciers. The discovery of oil in the swanson river field on the kenai peninsula in 1957 was a key driver in alaska s successful bid for statehood just two years later, because the federal government saw the potential for oil and gas to fuel the.

The alaska territorys first commercial oil well arrived in 1957, two years before statehood. Iranian revolution causes second oil embargo and oil supply shortage. The oil and gas industry in cook inlet has made a substantial impact on the state of alaska. The petroleum sector is responsible for 34 percent or 110,000 of jobs in alaska, according to the alaska oil and gas association. The pennsylvania rock oil company was the first to begin the process of drilling oil from the ground, rather than collecting what seeped to the top. Here youll find current best sellers in books, new releases in books, deals in books, kindle. Numerous and frequentlyupdated resource results are available from this search. Alaska s waters are believed to contain more than 30 percent of the nations known recoverable offshore resources. Apr 08, 2020 alaska railroad netted solid profit in 2019 but uncertainty lies ahead. However, it wasnt until 1870 that the oil industry really boomed.

This digital document is an article from alaska business monthly, published by thomson gale on june 1. Nov 22, 2007 when one considers the more than four thousand spillsover one a dayrecorded by the oil industry in its land operations in the last decade, and keeping in mind that offshore hazards are far greater, the inevitable accidents seem certain to accumulate into an ongoing and permanent calamity. I really liked how the author included first accounts from women of different ages and work positions who were a part of the oil boom. Alaska s beleaguered oil industry has finally found a lifeline. Annual industry projections for alaska, anchorage, the fairbanks area, and southeast alaska. Narrative of women breaking ground in alaska s oil and gas industry by carla williams wildcat women portrays the personal accounts of fourteen women working in the frigid outback of alaska s north slope oil fields. The invention of the internal combustion engine was the major influence in the rise in the importance of petroleum. The use of oil and gas has a long and fascinating history spanning thousands of years.