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Alaska Oil and Gas Association
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"The State of Alaska has collected more than $160 billion from oil & gas since 1959."
Industry
History
History - 2000's
History – 1990′s
History – 1980′s
History – 1970′s
History – 1960′s
History - 1950's
Today's Stats
Most recent available
Alaska Crude
West Coast Delivery
$63.99
-$1.15
11/11/2019
Natural Gas
Henry Hub
$2.64
-$0.15
11/11/2019
Oil Production
507,817 bpd
-1,520 bpd
11/11/2019
History - 1950's
The Swanson River oil field in Kenai is discovered after 166 consecutive dry holes were drilled in Alaska (production begins 1961).
Wellhead price of U.S. crude oil is $3.09 per barrel.
1958
William Egan (D) elected Governor (1958-1962).
1959
Alaska becomes 49th state.
First offshore Cook Inlet lease sale.
Kenai gas field discovered (production begins 1961).
First oil and gas revenues in Alaska total $3 million, 12% of unrestricted general fund.