Alaska Oil & Alaska Oil & Gas Association Gas Association Alask Alaska Suppor Support Industr Industry Alliance y Alliance Thursday, November 10, 2011 Marilyn Crockett Executive Director
AOGA Member Members in the Ear s in the Early Da y Days Marathon Oil Company Continental Oil Company Texaco Inc. Hamilton Brothers Pennzoil E&P Gulf Oil Company BP Alaska Atlantic Richfield Mobil Oil Corporation Getty Oil Company Skelly Oil Company Simasko Production Company Standard Oil Company of California Sinclair Oil Company Pan Am Petroleum Company Phillips Petroleum Company Humble Oil and Refining Company Placid Oil Company Cities Service Oil Company Tenneco Oil Company Alaskco Inc. Superior Oil Company Shell Exploration & Production Company Sun Oil Company
AOGA Members in the mid-1980’s AOGA Members in the mid-1980’s Alyeska Pipeline Service Company American Petrofina Aminoil USA Al-Aquitaine Exploration Ashland Oil Company Champlin Petroleum Company DEPCO El Paso Alaska Husky Oil Louisiana Land & Exploration SOHIO Pipeline Company Amerada Hess Murphy Oil Corporation BP Exploration (Alaska) Inc. Dome Petroleum Natural Gas Corporation of California Northwestern Alaskan Pipeline Company Pacific Lighting Gas Development Company Panhandle Eastern Pipe Line Company Texas Eastern Exploration Company Union Texas Petroleum Corporation Union Pacific Resources Zapata Corporation Enstar Corporation Cook Inlet Region Inc. Rowan Companies Sohio Alaska Petroleum Co. Diamond Shamrock Exploration Company MAPCO Inc. Tesoro Alaska Company Enterprise Oil Exploration Co. Inc. Maxus Exploration Company Oryx Energy Company Cross Timbers Oil Company Forcenergy
AO AOGA M Member C Companies
AOGA Hist History •Alaska Office Established in 1966 •Subsidiary of Western Oil & Gas Association (AOGA) •Stand-alone Organization in 1989 •At peak, 8 Staff
AOG OGA/Industr /Industry Hist y Historical F ical Focus cus •1960’s-1970’s—Cook Inlet •1970’s-1980’s—OCS Exploration •1970’s on—North Slope/Arctic Development
Explor Explorator atory W y Wells b lls by Region gion
Past R st Regulat gulatory Milest y Milestones ones Regulatory Milestones • 1953 – Outer Continental Shelf Act • 1969 – National Environmental Policy Act • 1970 – Clean Air Act, Alaska Native Claims Settlement Act • 1972 – Federal Water Pollution Control Act Amendments, Marine Mammal Protection Act, Coastal Zone Management Act • 1973 – Endangered Species Act • 1976 – Resource Conservation & Recovery Act • 1977 – Clean Water Act (Amended FWPCA), Alaska Coastal Management Act • 1979 – U.S. Army Corps of Engineers Sec. 404 Jurisdiction Over North Slope Wetlands • 1980 – Alaska National Interest Lands Conservation Act, RCRA Oil and Gas Waste Exemption • 1990 – OPA-90, Clean Air Act Amendments • …and more
Deja Vu Deja Opportunities Challenges
Oil & Oil & Gas Has been Good to Alaska – Gas Has been Good to Alaska – Jobs & Revenue Jobs & Revenue • State of Alaska has collected $157 billion from oil & gas since 1959 – 98% of all state revenues have been from natural resources – Oil & gas continue to dominate state’s unrestricted revenue, accounting for 89% ($6.68 billion) in FY 2010. Production Taxes: $2.87 billion Royalties (including to Perm Fund): $2.75 billion Property Taxes: $600 million Corporate Income Taxes: $448 million – State estimates 90% of its revenue will continue to come from oil and gas – even with falling production
Benefits to Alaska The Primary Companies 4,000 resident jobs and $600 million payroll for AK Residents Indirect and Induced effects 7,700 oil & gas support services jobs 7,100 other support services jobs All other indirect and induced: 26,000 jobs Grand total all jobs and income 44,800 jobs and $2.65 billion in annual payroll 9 oil industry-related jobs in Alaska for every Primary Company job
Benefits t Benefits to Alaska Alaska This study measured 44,800 oil and gas industry- related jobs, $2.65 billion in annual payroll 13% of all private sector jobs, 18% of payroll Other research has linked 60,000 jobs with taxes and royalties paid by the oil industry Over 100,000 jobs total linked to oil and gas production in Alaska
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