ANCHORAGE, Alaska — The Alaska Oil and Gas Association (AOGA) today announced that APA Corporation (Nasdaq: APA) has formally joined AOGA.
APA’s decision to join AOGA follows the successful results at the Sockeye-2 exploratory well on Alaska state lands of the eastern North Slope, in partnership with Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited.
ConocoPhillips Alaska’s Erec Isaacson, AOGA Board Chair, said, “I am pleased to welcome APA to AOGA. Their industry experience adds an important perspective for the board, and I look forward to working with them to promote fiscal stability within the Alaska oil and gas industry.”
Jim Pickens, a senior exploration and geoscience leader at APA, will represent the company on the AOGA Board.
“Alaska represents a unique opportunity for APA to invest and tap into the state’s significant energy potential,” said Pickens. “Joining AOGA enables us to collaborate with industry partners, share innovative approaches and support policies that foster investment in Alaska’s oil and gas sector.”
APA’s entry into Alaska adds to a growing list of companies investing in new exploration and development on the North Slope. This trend is driven by Alaska’s prolific petroleum systems, existing infrastructure, and a regulatory and fiscal framework that supports long-term investment.
“APA’s decision to invest in Alaska and join AOGA is a powerful validation of what we have been saying for years: Alaska offers world-class geology paired with a competitive and stable investment climate,” said Steve Wackowski, President & CEO of AOGA. “Recent entrants like APA are coming because Alaska offers the right combination of opportunity, regulatory certainty and infrastructure to compete globally. We are proud to welcome APA to AOGA and look forward to working together to help ensure Alaska remains a premier destination for responsible energy investment.”