ASRC has now received the majority of the lands it is entitled to
under the provisions of the settlement act. ASRC is now one of the
state's largest private landowners, holding title to nearly 5 million
acres of Alaska's North Slope. Most of these lands are highly
prospective for oil and gas, coal and base metal sulfides. Some of the
lands contain known resource reserves such as the Alpine Oil Field and
the Western Arctic Coalfields.
In addition to the lands already conveyed, ASRC has selections that
cover other North Slope lands that are highly prospective. From the
selected lands ASRC will eventually identify and take title to
one-quarter million acres.
ASRC may also acquire additional, previously unavailable lands
through exchange with the United States. The National Petroleum
Reserve-Alaska / (NPR-A) is an area that holds special interest to ASRC
because many shareholders occupy Native allotments and cabin sites in
the area and rely extensively on the region's subsistence resources. By
acquiring lands in NPR-A, through exchange, ASRC seeks to protect its
shareholder's land use interests and at the same time acquire lands that
may have valuable resource potential.