"The State of Alaska has collected more than $160 billion from oil & gas since 1959."

History – 1960′s

1960

  • Alaska population: 226,167.

1961

  • Sterling gas field discovered in Cook Inlet.

1962

  • Governor Egan (D) re-elected (1962-1966).
  • Beluga River gas field discovered on Kenai Peninsula.
  • State petroleum revenues increase from $10 million in 1960 to $26 million in 1961.

1963

  • Middle Ground Shoal, the first offshore field in Cook Inlet, discovered (production begins 1965).
  • Chevron refinery in Nikiski begins operation.
  • Cook Inlet natural gas becomes the major fuel source for power generation to Southcentral Alaska communities.

1964

  • State holds first lease sale in Prudhoe Bay.
  • 9.2 magnitude earthquake strikes Alaska.
  • First of 16 offshore platforms installed in Cook Inlet.

1965

  • Granite Point, McArthur River, Trading Bay are discovered in Cook Inlet (production begins 1967).

1966

  • Walter Hickel (R) elected Governor (1966-1969).
  • Alaska Oil and Gas Association established.

1967

  • Beaver Creek gas field discovered on Kenai Peninsula.

1968

  • Prudhoe Bay, largest oil field in North America, discovered (production begins 1977).
  • Largest fertilizer plant on the West Coast opens in Kenai using Cook Inlet gas.
  • State petroleum revenues increase to $52 million; 46% of unrestricted general fund.

1969

  • State receives a record $900 million from North Slope lease sale.
  • Governor Hickel appointed Secretary of Interior.
  • Lt. Gov. Keith Miller becomes Governor (1969-1970).
  • Congress passes National Environmental Policy Act; U.S. enters new era of environmental awareness.
  • Tesoro Refinery comes on-line.
  • Liquefied Natural Gas Plant in Nikiski, only one of its type in North America, begins exporting to Japan.
  • America’s second largest oil field, Kuparuk, discovered (production begins 1981).
  • Milne Point discovered (production begins 1985).