STATE OF ALASKA ALASKA OIL AND GAS CONSERVATION - doa alaska 2025

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Oil reserves in Alaska, U.S. 1980-2021 Alaska had proved oil reserves amounting to nearly 3.13 billion barrels as of 2021.
A refinery in Kenai, southwest of Anchorage, produces most of the states motor gasoline as well as some distillate fuel oil.
Texas has seen a 32.4% increase in the size of its proved oil reserves over the last five years, further cementing its place as the top oil state in the U.S. With over 17 billion barrels of proved oil reserves, Texas now has more than three times the total of the next-highest state, New Mexico (4.5 billion).
Data Reserves Reserves Alaska Period Crude Oil (as of Dec. 31) 3,357 million barrels 2022 Expected Future Production of Dry Natural Gas (as of Dec. 31) 125,238 billion cu ft 2022 Expected Future Production of Natural Gas Plant Liquids 6,011 million barrels 20226 more rows
The Alaska Oil and Gas Conservation Act (1955) created the Alaska Oil and Gas Conservation Commission (AOGCC or Commission). The Commission was composed of the Governor of the Territory of Alaska, the Territorial Commissioner of Mines, and the Territorial Highway Engineer.
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Oil production has been the engine of economic growth in Alaska. It has funded up to 90 percent of the states unrestricted General Fund revenues in most years and has accounted for over $180 billion in total revenue since statehood.
After nearly six decades of commercial oil and gas production in Alaska, the North Slope and Cook Inlet sedimentary basins still host enormous, untapped petroleum potential.

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