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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] The amount of recoverable oil in the field is more than double that of the next largest field in the United ...
Alaska historian Terrence Cole Since the completion of the Trans-Alaska Pipeline System in 1977, the government of the state of Alaska has been reliant on taxes paid by oil producers and shippers. Prior to 1976, Alaska's personal income tax rate was 14.5 percent—the highest in the United States. The gross state product was $8 billion, and Alaskans earned $5 billion in personal income. Thirty ...
Willow project. / 70.283°N 151.917°W / 70.283; -151.917. The Willow project is an oil drilling project by ConocoPhillips located on the plain of the North Slope of Alaska in the National Petroleum Reserve in Alaska entirely on wetlands. The project was originally to construct and operate up to five drill pads for a total of 250 oil wells.
The Alaska Permanent Fund ( APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation ( APFC ). [1] It was established in Alaska in 1976 [2] by Article 9, Section 15 of the Alaska State Constitution [3] under Governor Jay Hammond and Attorney General Avrum Gross.
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.
The Prudhoe Bay oil spill ( 2006 Alaskan oil spill) was an oil spill that was discovered on March 2, 2006, at a pipeline owned by BP Exploration, Alaska (BPXA) in western Prudhoe Bay, Alaska. Initial estimates of the five-day leak said that up to 267,000 US gallons (6,400 bbl) were spilled over 1.9 acres (7,700 m 2 ), making it the largest oil ...
The Alaska Oil and Gas Conservation Commission ( AOGCC) is a quasi-judicial agency in the U.S. state of Alaska, within the Alaska Department of Administration. [1] It was originally established in 1955, was subsequently abolished, but was eventually reestablished. This Commission is responsible for overseeing oil and gas drilling and production ...
The construction of the Trans-Alaska Pipeline System included over 800 miles (1,300 km) of oil pipeline, 12 pump stations, and a new tanker port.Built largely on permafrost during 1975–77 between Prudhoe Bay and Valdez, Alaska, the $8 billion effort required tens of thousands of people, often working in extreme temperatures and conditions, the invention of specialized construction techniques ...