Navigate Up
Sign In

History

ASRC is owned by and represents the business interests of its approximately 11,000 Iñupiaq shareholders. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. As the largest Alaskan-owned company, employing over 9,000 people worldwide, the corporation serves shareholders who primarily reside in the eight villages within the region: Point Hope, Point Lay, Wainwright, Atqasuk, Barrow, Nuiqsut, Kaktovik, and Anaktuvuk Pass. Shareholders located outside of the region are located throughout Alaska, with a smaller number residing in the Lower 48. 

OUR LANDS

The Corporation owns title to nearly 5 million acres of land on Alaska’s North Slope which contain a high potential for oil, gas, coal and base metal sulfides. As stewards of this land, balancing management of cultural resources with natural resources is important to ASRC.

OUR HERITAGE

The history of our people reaches back thousands of years, and it serves as the foundation upon which we continue to build ASRC to benefit future generations. As Iñupiaq, we rely on the teachings of our ancestors, and live by the values passed on through countless generations.

Iñupiaq values guide us in actively managing our businesses, lands, resources, and business relationships. Our core values are the cornerstone of our success as a community and a corporation. They are combined with disciplined business practices to deliver high levels of performance and returns.

Our core values are Sharing, Family, Knowledge of Language, Hunting Traditions, Respect for Nature, Humility, Compassion, Resolution of Conflict, Respect for our elders and one another, Cooperation, Spirituality, and Humor.

Our Corporate History

In early 2007, the ASRC Board of Directors adopted the 2007-2012 Strategic Plan. This five -year plan builds on the strong foundation created by our founders, and provides clear direction on an aggressive path toward future sustainability. The Corporation was granted the rights to select title to certain lands within the North Slope and provided seed money to grow. These are our humble beginnings, and there was a time our leaders worked for no pay.

As a corporation, we have grown and diversified over the past 37 years. The original leaders have handed over the reins of ASRC to the next generation, and we are poised for the next era of growth with continued dedication to provide maximum benefit to our shareholders.

The strategic plan unites our Iñupiaq values with modern business strategies, and is designed to provide a continued positive impact to our shareholders. The plan’s goal is to double the Corporation’s economic power by 2012. The Corporation is on track with the Plan and staying a steady course. Strong operations, coupled with a disciplined investment strategy, keeps ASRC on path to achieve this goal.

The Three Pillars to the ASRC Strategic Plan

The first pillar is focused on our financial and operational goals. We will continue to grow sustainable earnings, earn a superior return on capital employed and increase shareholder development opportunities.

The second pillar is to actively promote sustainable economic development opportunities in our region. This goal aims for ASRC to engage in partnerships with local communities to help build economic development capacity in our villages.

The third pillar is to engage in the cross generation transmission of values. Using our Iñupiaq values as our compass, ASRC continues to reinforce our corporate path while building a cadre of leaders for the next generation of ASRC shareholders.

PO BOX 129 BARROW AK 99723 (907) 852-8633