The historic National Petroleum Reserve-Alaska (NPR-A) oil and gas lease sale on March 18 this year is just the beginning of promised investment, job growth, and revenue increases for Alaska.
According to Congressman Nick Begich, major producers like ConocoPhillips, Exxon, and Shell are “stepping up because they see Alaska’s immense potential.” Driving new investments is Congress’s mandate of five NPR-A lease sales over the next decade. Begich emphasizes that this “means certainty” and certainty means better stability.
Another win for Alaska is the change of the revenue split from 50/50 for the federal and state governments to 70% for Alaska and 30% for the federal government. More revenue means more potential investment in Alaska’s schools, infrastructure, public safety, and long-term fiscal stability.
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Natalie Spaulding oversees day-to-day operations and communications at Must Read Alaska and writes on the full range of MRAK topics. A 2025 Hillsdale College graduate, she previously did editorial work at the Family Research Council on the book "Life After Roe" by David Closson and research for the Charlotte Lozier Institute. She lives in Anchorage, AK.
