of the Interstate Oil and Gas Compact Commission
October 05, 2009
Governor Parnell made his remarks while attending the Interstate Oil and Gas Compact Commission annual meeting in Biloxi, Mississippi.
"Responsible resource development built Alaska and remains the foundation for our future prosperity," Governor Parnell said. "My administration believes that Alaska can stimulate the national economy through the opening of our OCS. We appreciate the support of this commission."
Alaska's OCS contains an estimated 27 billion barrels of recoverable oil and 130 trillion cubic feet of recoverable natural gas. The available oil is more than twice the amount that has been produced on Alaska's North Slope since the Trans Alaska Pipeline System went online in 1977. Counting its OCS reserves, Alaska likely has more than 30 percent of the nation's recoverable oil and gas.
The mission of the Interstate
Oil and Gas Compact Commission is to assist member states with
the efficient maximization of oil and natural gas resources,
under sound regulatory oversight with protections for the nation's
health, safety and environment.
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