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Arctic Slope Regional Corporation was created under the Alaska Native Claims Settlement Act of 1971. [1] The initial shareholders were the 13,000 Iñupiaq Eskimos listed in the 1970 US census.
The Act lays out the specifics of the corporations' status. Here is an excerpt of the relevant portion: [5] 43 U.S.C. § 1606 (a) Division of Alaska into twelve geographic regions; common heritage and common interest of region; area of region commensurate with operations of Native association; boundary disputes, arbitration.
States require a drilling permit before a well begins drilling. Requirements to receive drilling permits generally include minimum setbacks from lease or unit boundaries, and adequate casing and cementing programs. States generally require permits for or notices of major work done on a well, and periodic reports of oil and gas produced.
In 1968, nine years after Alaska attained statehood, oil was discovered at Prudhoe Bay.The discovery put the issue of Native lands into the forefront. Three years later, in 1971 President Richard Nixon signed the Alaska Native Claims Settlement Act, which conveyed nearly 150 million acres (610,000 km 2) of federal land into the hands of 12 newly created Alaska Native regional corporations.
register or a list of a specified type of regulated entities or activities — contains entries on companies officially authorized to perform a specified type of business, where prior obtaining of a permit, a license, a concession, or registration on such a list or register is a prerequisite required by law. Depending on situation, regulation ...
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The Bristol Alliance of Companies is the marketing entity for the Bristol companies, which provides a range of services, including civil, structural and mechanical engineering; heavy, civil and vertical construction; environmental remediation; fuel systems; range and unexploded ordnance response services; electrical and telecommunications services; and demolition and site preparation services ...
The Badami oil field is an oil field in the Alaska North Slope. The field is about 35 miles (56 km) east of Prudhoe Bay and about 30 miles (48 km) west of the western border of the Arctic National Wildlife Refuge 1002 Area. Badami was discovered by Conoco in 1990 at the Badami Number 1 well.