Governor Introduces ‘Open for Business’ Legislation

Governor Introduces ‘Open for Business’ Legislation

Governor Mike Dunleavy introduced four pieces of legislation supporting his initiative of making Alaska open for business by removing barriers to business and employment, as well as promoting responsible resource development. The bills sent to the Alaska Senate address a range of issues from unemployment insurance to geothermal energy development.

USGS Releases Estimate of Conventional Oil and Gas in Alaska Central North Slope

USGS Releases Estimate of Conventional Oil and Gas in Alaska Central North Slope

The USGS estimates there are 3.6 billion barrels of oil and 8.9 trillion cubic feet of natural gas conventional resources in the Central North Slope. This assessment does not include discoveries made by industry between 2013 and 2017. Although the USGS assessed this region in 2005, increases in geologic knowledge and understanding of the rocks and resource potential allowed the USGS to focus more specifically on six assessment units included in this estimate.