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AK HB194

Bill

Official Source

Status

Engrossed

5/9/2025

Primary Sponsor

Rules

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Approves and ratifies the sale of Alaska North Slope royalty oil from the State of Alaska to Marathon Petroleum Supply and Trading Company LLC

  • Marathon Petroleum Corporation (parent company) serves as a party to the agreement alongside the trading subsidiary

  • Contract terms are outlined in the "Final Best Interest Finding and Determination" dated December 19, 2025

  • Legislative approval required under AS 38.06.055 for royalty oil sale contracts

  • Takes effect immediately upon passage

Legislative Description

Approve Marathon Petro Royalty Oil Sale

Oil & Gas

Last Action

REFERRED TO RULES

3/4/2026

Committee Referrals

Rules3/4/2026
Finance5/12/2025
Resources4/15/2025

Full Bill Text

No bill text available