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

History - 2000's

2000

  • Alpine begins production, largest onshore oilfield discovered in North America in the past decade.
  • Alaska population: 626,932.
  • PFD reaches all-time high of $1,963.86.

2001

  • First new platform in 15 years, Ospery, installed.
  • 25th Anniversary of the Alaska Permanent Fund.
  • Northstar begins production, first production from an offshore island with no road access to shore.
  • Kenai gas-to-liquids demonstration plant opens ($86 million investment).
  • $125 million invested by Producers Study Team to evaluate feasibility of construction of natural gas pipeline.
  • Natural gas prices increase almost 300% over a ten-year period to $5.47 per btu.

2002

  • Frank Murkowski (R) elected Governor (2002-2006).
  • Alaska renews TAPS right-of-way for 30 years.
  • Ninilchik - largest Cook Inlet gas discovery in 20 years.

2003

  • From 1986 to 2003, the average oil price was $17.77 per barrel.

2004

  • State petroleum revenue exceeds $2 billion for the first time since 1997.
  • First new double hull “Alaska Class” tanker begins service.
  • Application filed by Producer Sponsor Group under the Alaska Stranded Gas Act to negotiate terms for development of $20 billion+ natural gas pipeline.

2005

  • 15 billionth barrel of oil transported through TAPS.
  • Oil prices reach all-time high of $70 per barrel.
  • Alaska Permanent Fund Value reaches $32 billion.

2006

  • State petroleum revenues projected to reach a record high of $4 billion.
  • Some 600,000 Alaskans to receive 25th consecutive PFD.  Alaskans receiving dividends since 1982 will have received more than $25,000.