Native corporations’ new stake in slope oil
New projects will pay $173 million/year in royalties at peak Alaska Native corporations have a direct stake in North Slope oil production that will increase when new oil projects now planned go into production. Three new projects by themselves will pay $173 million a year to Native corporations at peak production, according to information provided to state legislators by the state Department of Natural Resources. Arctic Slope Regional Corp., the Alaska Native development corporation for the state’s northern region, owns…