Alaska Oil and Gas Division Order
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How to fill out Oil And Gas Division Order?
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FAQ
Area Injection Order (AIO) The AOGCC may issue an area injection order, allowing underground injection of fluids on an area basis, rather than for each well individually.
While royalties on oil and gas produced from state territory generally hover between 12.5% and 16.67%, state law gives the commissioner of the Department of Natural Resources the authority to vary those terms if doing so is deemed in the state's best interest.
Member Companies Alyeska Pipeline Service Company. ... BlueCrest Energy, Inc. ... Chevron Corporation. ... ConocoPhillips Alaska, Inc. ... Eni. ... ExxonMobil Alaska. ... Glacier Oil & Gas Corporation. ... Hilcorp.
Oil production has been the engine of economic growth in Alaska. It has funded up to 90 percent of the state's unrestricted General Fund revenues in most years and has accounted for over $180 billion in total revenue since statehood.
The AOGCC approves drilling plans submitted with an application for Permit to Drill. The permit application is reviewed by the Commission's professional staff and the approval process typically takes 5 working days for a routine oil and gas production or injection well.