Top 16 Active Oil Companies in Alaska

This post contains the list of top oil companies in Alaska. Alaska also is known as “The Last Frontier” and the largest industry is the Oil and gas industry which is also the largest component of the state’s economy. About 85 percent of Alaska’s state budget is supplied by oil revenues.

Oil was first discovered in Alaska in Prudhoe Bay on the arctic in the year 1968 and pipeline construction commenced in 1974 but was completed in 1977.

There are lots of oil and gas companies in Alaska and in this post, you’re about to know the top oil and gas companies in Alaska.

Top Oil & Gas Companies in Alaska

1. BlueCrest Energy Inc.

BlueCrest Energy is a privately-owned company that focuses on the acquisition, exploration, and development of oil and gas resources in Alaska, and other states in the United States. Its main focus is the development of the Cosmopolitan oil & gas assets within Alaska’s Cook Inlet basin.

This company owns 100% of the Cosmopolitan project which is one of the undeveloped fields in the Cook Inlet basin and the development of the field’s oil reserves is currently been carried out using advanced extended-reach drilling techonolgy to access the offshore oil reserves from an onshore drill site.

The office is located in Anchorage, Alaska, and it is one of the biggest oil and gas companies in Alaska.  

2. ConocoPhillips Alaska Inc. 

ConocoPhillips is arguably the largest oil & gas producer and the largest owner of exploration leases in Alaska. For over 50 years, this company and its heritage companies have been a leader in oil and gas exploration and also responsible for the development in the state by creating economic opportunities in Alaska.

ConocoPhilips’s primary operated assets are the Kuparuk and Alpine fields on the North Slope. It also have keen interest in the Prudhoe Bay field and the Trans-Alaska Pipeline System. By expanding its Alpine field across a channel of the Colville River, its drill site CD5 became the first commercial oil development on Alaska Native lands within the boundaries of the National Petroleum interests in the NPR-A, and other undeveloped acreage on the North Slope.

This company has drilled more than 60 exploration wells since 2000, including over 20 in NPR-A. They also hold 1.2 million acres in state and federal exploration leases. They further aim at developing its oil and gas fields and also explore new ones.

3. Alyeska Pipeline Service Company  

This company was incorporated in 1970 to design, build, operate, and maintain the pipeline, pump stations and the Valdez Marine Terminal. The pipeline itself runs about 800 miles from Prudhoe Bay to Valdez and it is the largest privately financed construction project in history.

Since the completion of the pipeline in 1977, the Trans Alaska Pipeline System (TAPS) has successfully transported over 17 billion barrels of crude oil from North Slope, Alaska.

4. BP Exploration (Alaska) Inc   

BP started working in Alaska in 1959, began drilling at the massive Prudhoe Bay oil field in 1968, and also helped to build the Trans-Alaska Pipeline System in the mid- 1970s. BP operates the whole of Greater Prudhoe Bay area, which consists of the Prudhoe Bay field and various smaller fields.

The greater Prudhoe Bay are produces about 55% of the state’s oil and gas and in 2015, BP averaged 281,000 barrels of oil equivalent per day.

This company owns interest in seven other North Slope oil fields. They began production in Prudhoe Bay in 1977, since then has generated over 12 billion barrels of oil, which still remains, one of the largest oil fields in North America.

5. ExxonMobil   

This company explores for oil and natural gas, operates facilities, and markets products all over the world. They’ve been in Alaska for over 90 years and are among the top producers of oil and the largest holder of discovered gas resources on Alaska’s North Slope.

It is the operator of the Point Thomson Unit located 60 miles east of Prudhoe Bay. Also, this company has working interests in Prudhoe Bay, Kuparuk, and Endicott fields on Alaska’s North Slope.  

In 2015, ExxonMobil average produced about 95, 000 barrels of oil equivalent each day.

6. Furie Operating Alaska LLC

Furie Operating Alaska LLC is a privately-owned exploration and production company that focuses on the development of oil and gas resources within the Cook Inlet region of Alaska. Furie is the chosen operator for the Cornucopia Oil & Gas Company LLC that controls the offshore Kitchen Light Unit surrounding more than 83,000 acres.

In 2010, Cornucopia and Furie Operating Alaska LLC acquired the Kitchen Lights Unit from the Escopeta Oil Company LLC.

They drilled the first offshore well in Kitchen Lights Units in August 2011 using a jack-up drilling rig. Four years later they installed the first offshore platform processing facility in Nikiski.  

Furie delivered its first gas to the Cook Inlet market on November 14, 2015. This company is committed to supplying the south-central Alaskan consumers with certainty on natural gas supplies for years to come.

7. Eni

Eni is an Italian oil company with a global presence and also one of the world’s oil and gas super-players operating in more than 70 countries worldwide and has over 30,000 employees. Since 2005, this oil company has been exploring and developing the oil field in Alaska and also has a leasehold interest in both onshore and offshore Alaska and the Beaufort sea area.

It owns 100 percent working interest and is the chosen Operator of the Nikaitchuq Field located on-offshore in the North Slope of Alaska. Eni also has a 70 percent working interest in the Oooguruk field in Alaska.  

8. Glacier Oil & Gas Corporation  

Glacier Oil & Gas work to explore and develop oil and gas resources for the benefit of the communities they serve, its employees, and Alaska as a whole. This company operates the oil assets in the Redoubt and W.MacArthur River Unit in the Cook Inlet on the Kenai Peninsula. They also drills produces, and transport infrastructure associated with these fields.

Glacier Oil & Gas Corporation works with community stakeholders, contracting partners, and the state of Alaska and strives to develop these oil and gas resources in a safe, compliant, efficient, and effective manner.

9. Hilcorp 

Hilcorp is one of the privately-owned oil and natural gas exploration and production companies in the USA. It was founded in 1989 and headquartered in Houston, Texas. This company has about 2,000 employees and 11 operating areas including the Gulf Coast region, the Gulf of Mexico, Alaska’s Cook Inlet, and the Rockies.

Hilcorp strives to achieve its vision via continuous improvement daily in safety, environmental protection and production.

10. Petro Star Inc  

This company was incorporated in 1984 and is the only locally-owned refining and fuel marketing company in Alaska. Petro Star maintains fuel sales groups in seven communities in Alaska i.e. Anchorage, Fairbanks, Valdez, North Pole, Kodiak, Unalaska, and St. Paul and refineries in the North Pole and Valdez.

Its two refineries draw crude supply from Trans-Alaska Pipeline System to produce off-road and marine diesel, commercial and military jet fuel, as well as home heating oil.

11. Chevron Corporation

This is one of the global leading integrated energy companies with subsidiaries that conducts business around the world.

Chevron began selling retail products in Alaska since 1888 and it was instrumental in developing Alaska’s Cook Inlet during early statehood. Today, this global and well-recognized company has joint venture interest on Alaska’s North Slope.

12. Shoreside Petroleum Inc

An Alaskan-owned oil company that offers a variety of petroleum products and services to clients in Southcentral Alaska. Has locations in Wasilla, Seward, Cordova, Whittier, and headquartered in Anchorage, Alaska.

13. Northstar Alaska    

Northstar Alaska was founded in 1999 and is a 100% Alaskan-owned Company. It provides fuel procurement, distribution, and other related services in Western Alaska. Northstar Alaska recently experienced enormous growth and expanded its retail operations to include groceries, electronics, and other items.

Its mission is to work with other Alaskan-owned companies in order to increase value by providing competitive products and services for the benefits of their customers.

14. Doyon Drilling Inc  (DDI)

This company operates on the North Slope of Alaska with about eight of the most unique oil & gas land drilling rigs designed to drill oil wells in extreme conditions.

Doyon Drilling Inc was established in 1982 as a joint venture between Doyon Limited (an Alaska Native regional corporation) and Nugget Alaska Inc and in 1993, became a wholly-owned subsidiary of Doyon, Limited.

This company has more than 300 employees and headquartered in Anchorage, AK.

15. Repsol  

Repsol is a renowned global energy company present throughout the energy value chain including exploration, production, refining, trading, chemicals, retail sales, and new energy. Repsol has over 25, 000 employees and its products are sold in more than 90 countries, reaching about 10 million customers.

The company produces more than 700,000 barrels of oil equivalent each day and has one of the most efficient refining systems in Europe.

It holds and interest in about 750,000 acres in Alaska where it has been actively exploring the North Slope since 2011. This company also holds a 49 percent working interest in the Pikka Unit, 49 percent in the Horsehoe discovery, and other interest in various exploration acreage in the state.

16. Marathon Petroleum Corporation   

This is a petroleum refining, marketing, and transportation company headquartered in Findlay Ohio. It has a refinery in Nikiski, Alaska, and other refineries in Utah, North Dakota, California, Washington, and Hawaii.

Marathon Petroleum Corporation also owns and operates more than 380 retail stores close to those refineries including 31 in Alaska. The Alaska refinery in Nikiski produces diesel, jet fuel, propane, gasoline, asphalt, and heavy oils.

Conclusion

Listed above are the top oil companies in Alaska, These companies are also major employers in the state that provides lots of work opportunities for Alaskans.

If there’s any other top Oil & Gas Company in Alaska you know that is not on this list, kindly drop it as a comment in the comment section.

FAQs