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Oil & Gas Conservation history
Oil & Gas Conservation company history timeline
The Alaska Oil and Gas Conservation Act (1955) created the Alaska Oil and Gas Conservation Commission (AOGCC or Commission). The Commission was composed of the Governor of the Territory of Alaska, the Territorial Commissioner of Mines, and the Territorial Highway Engineer.
In 1968 the Division of Oil and Gas was created within the Department on Natural Resources.
With the advent of production from Prudhoe Bay in 1977, the Legislature became concerned with the potential conflict between the state's revenue interest in high production rates on state leases and the state's conservation interest in protecting total ultimate recovery.
Initially, the new Commission was housed within the Department of Natural Resources, but in 1980 it was transferred to the Department of Commerce and Economic Development.
Oil and gas companies have a successful history of defeating regulations: only four of twenty-five bills that would have protected health and safety were passed by the state legislature since 2013.
In 2018, they spent $37.3 million to defeat Proposition 112, a ballot initiative for larger setbacks for oil and gas development, and advance Amendment 74, an effort to guarantee company profits in the state constitution.
10Oil and gas interests paid at least $200,000 on lobbying to sway decision-makers at the Capitol in 2018.
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Zippia gives an in-depth look into the details of Oil & Gas Conservation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Oil & Gas Conservation. The employee data is based on information from people who have self-reported their past or current employments at Oil & Gas Conservation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Oil & Gas Conservation. The data presented on this page does not represent the view of Oil & Gas Conservation and its employees or that of Zippia.
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