ANCHORAGE, Alaska — August 27, 2026 — Tyonek Native Corporation (Tyonek) and HEX LLC (HEX) have entered into a long-term Agreement to advance responsible energy development and opportunities in the Cook Inlet region. The agreement establishes a framework for responsible oil and gas exploration, development, and production activities on Tyonek-owned lands.
The agreement grants Alaskan-owned HEX access to over 5,000 acres of Tyonek surface estate while ensuring strong protection for environmental stewardship, subsistence resources, cultural values, and the interests of Tyonek shareholders.
“As a locally owned Alaska company with an existing presence on the Kenai Peninsula, we are excited to partner with Tyonek Native Corporation on this important initiative,” said John Hendrix, President and CEO of HEX. “We greatly value the opportunity to work with Tyonek and its shareholders as we advance exploration efforts, create potential economic opportunities for the region, and ensure that stewardship of the land, respect for subsistence traditions, and environmental protection remain at the forefront of our operations.”
“We are committed to pursuing economic opportunities that create value for our shareholders while protecting the lands, cultural resources, and subsistence traditions that are central to the Tyonek way of life,” said Stephen Peskosky, CEO of Tyonek Native Corporation. “This agreement reflects a balanced approach that supports responsible resource development alongside strong environmental and community safeguards.”
The agreement reflects a shared commitment to local economic growth, environmental stewardship, and long-term community benefit. The agreement includes provisions designed to maximize economic benefits for Tyonek shareholders and affiliated businesses. HEX has agreed to consider qualified Tyonek shareholders for employment and training opportunities and to provide contracting opportunities to qualified Tyonek subsidiaries and affiliates.
In recognition of the importance of subsistence activities to the Tyonek community, the agreement includes measures to minimize impacts on traditional hunting, fishing, and gathering practices and provides Tyonek with authority to impose additional protections where necessary.
About Tyonek Native Corporation
Tyonek Native Corporation is the Alaska Native village corporation for Tyonek, established under the Alaska Native Claims Settlement Act (ANCSA). Tyonek operates a portfolio of businesses including aerospace and defense manufacturing and services. Tyonek is dedicated to protecting shareholder interests, supporting community development, preserving cultural traditions, and responsibly managing its land and natural resources.
About HEX LLC
HEX LLC is Alaska’s only 100% Alaskan-owned oil and gas producer and operator. The company operates strategic assets and critical infrastructure in Cook Inlet and is pursuing disciplined growth opportunities across Alaska to support long-term in-state energy security and responsible resource development.
In 2025, the company doubled its natural gas production, and its six wells provided 10% of the gas coming from Cook Inlet. Alaskans consume roughly 190 MMcf of natural gas per day on average, based on 70 Bcf in annual Railbelt demand.
HEX is headquartered in Anchorage, Alaska, with operations in Nikiski, Alaska.
