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The Alaska Gasline Inducement Act
 

Division Programs

The Mission Statement of the Department of Natural Resources is to develop, conserve, and enhance natural resources for present and future Alaskans. The Division of Oil and Gas is charged with carrying out this mission with regard to the management of the state's oil and gas and geothermal resources.

To this end, the division's primary objective is to maximize the physical recovery of the state's oil and gas resources in an environmentally sound and safe manner, and the economic revenue from these resources. The division fulfills this objective by:

1) developing and implementing oil and gas leasing and exploration licensing programs;
2) managing exploration, development and production activities on active leases; and
3) timely and accurately collecting, verifying and distributing revenues from leases.

Basin Studies
A summary of a joint geological and geophysical study of Alaska's interior basins by the State of Alaska and U.S. Geological Survey.
Lease Admin
The Lease Administration Section is involved in virtually all aspects of the state's oil and gas leases, including issuing, enforcing, and tracking active and inactive leases.
Exploration Licensing
A program offered in areas of the state outside the known oil and gas provinces.
Permitting
The Permitting and Compliance Unit issues lease operations approvals for activities on state oil and gas leases and also permit geophysical exploration programs.
Incentives
A summary of the Exploration Incentive Credit, Tax Credit Programs, and Nonconventional Gas Incentive programs offered. Also information on Royalty Modification.

Petroleum Systems Integrity Office
The mission of the PSIO is to maximize the safe and stable flow of oil and gas resources to market by ensuring appropriate oversight and maintenance of oil and gas equipment, facilities, and infrastructure.

Geothermal Royalty
The Royalty Accounting Section tracks, analyzes, and reports statistics for oil and gas royalties paid to the state.
Lease Sales
A program of regularly scheduled competitive oil and gas lease sales, outlined in the Five-Year Oil and Gas Leasing Program submitted to the Alaska State Legislature.
Units
Oil and gas production units and participating areas are administrative boundaries based on production and lease-ownership percentage.

 


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