Press Releases

ASRC Reacts to Decision to Freeze Oil Leases in ANWR

Following the announcement from the Biden administration that it is freezing oil leases in the Arctic National Wildlife Refuge (ANWR), Arctic Slope Regional Corporation (ASRC) is issuing the following statement:

“Today’s announcement is disappointing as it seemingly ignores the local Iñupiat voices of the North Slope of Alaska, and it fails to consider the beneficial impacts this exploration will provide to our communities. Our shareholders and the approximately 9,500 residents of the North Slope directly benefit, given such exploration brings important job opportunities and economic infrastructure support to our remote region. For decades, leaders across the North Slope have joined our congressional delegation and other state officials in supporting safe and responsible development of a small portion of ANWR’s coastal plain, which was advanced by Congressional legislation in 2017. The Biden administration’s decision to stall this progress not only reneges on promises made to producers that took part in January’s oil lease sale but also does not take into account the benefits to our region. We are disheartened by this decision, as opening the 1002 Area to oil and gas development is a valuable way to bring jobs and opportunity – like health clinics, support for our schools and other benefits – to our communities.”

The coastal plain, also known as the 1002 Area, is believed to hold a mean estimate of 10.6 billion barrels of recoverable oil.  ASRC owns title to 92,000 acres of subsurface rights within the 1002 Area, with Kaktovik Iñupiat Corporation owning title to the surface rights. 


About ASRC

Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to approximately 13,000 today. Corporate headquarters are based in Utqiaġvik (Barrow), Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing approximately 13,500 people across Alaska and the Lower 48. The company has six major business segments: government contract services, petroleum refining and marketing, energy support services, industrial services, construction, and resource development.

Contact

Ty Hardt
Sr. Director of Communications
3900 C Street Suite 801
Anchorage, AK 99503-5963

Direct: 907.339.6888
Email: thardt@asrc.com