Powering Prosperity

Welcome to Alaska’s renowned oil and gas industry, the backbone of the state’s economy and a proud symbol of its resource-rich legacy. From the North Slope to Cook Inlet, the energy sector has powered Alaska for decades and has made vital contributions to the nation’s energy supply. With Prudhoe Bay among the largest oil fields in North America, the industry supports 17% of Alaska’s jobs, generates 90% of the state’s unrestricted revenue, and drives nearly half of the state’s GDP.

Alaska’s oil and gas industry represents more than economic strength—it embodies innovation and opportunity. The state’s vast reserves and pioneering expertise have led to world-class advancements in energy exploration, enabling production in some of the harshest and most remote environments on Earth. With over 3 billion barrels of proven reserves and immense untapped potential in the Arctic, Alaska remains a cornerstone of U.S. energy independence.

The industry’s influence extends beyond the oil fields, supporting infrastructure development, community programs, and education initiatives across the state.