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HJR 24: Urging the governor and the Alaska delegation in Congress to expedite the responsible development of oil fields in the state to increase the volume of oil transported through the Trans Alaska Pipeline System.

00                       HOUSE JOINT RESOLUTION NO. 24                                                                     
01 Urging the governor and the Alaska delegation in Congress to expedite the responsible                                   
02 development of oil fields in the state to increase the volume of oil transported through                                
03 the Trans Alaska Pipeline System.                                                                                       
04 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05       WHEREAS the 800-mile Trans Alaska Pipeline System is a tremendous benefit to the                                
06 state; and                                                                                                              
07       WHEREAS the Trans Alaska Pipeline System is currently operating at one-quarter of                               
08 its capacity, and increasing the volume of oil transported through the pipeline would generate                          
09 revenue for the state; and                                                                                              
10       WHEREAS, in the past two years, the volume of oil transported through the Trans                                 
11 Alaska Pipeline System has increased, and the state wants that increase to continue; and                                
12       WHEREAS the state is currently in a period of financial limitation and budget                                   
13 deficits; and                                                                                                           
14       WHEREAS many new oil discoveries on the North Slope could be developed and                                      
15 could increase the volume of oil transported through the Trans Alaska Pipeline System; and                              
01 WHEREAS the Pikka field, discovered by Armstrong Oil and Gas, could produce                                           
02 1,200,000,000 barrels of oil, with output as high as 120,000 barrels a day, and is one of three                         
03 major finds that have shattered assumptions about what is still possible in the most explored                           
04 parts of the North Slope; and                                                                                           
05 WHEREAS Caelus Energy discovered an estimated 6,000,000,000 barrels of                                                
06 recoverable oil under its current state leaseholds in Smith Bay, with the potential to produce                          
07 200,000 barrels a day of light, highly mobile oil, which would both increase throughput and                             
08 reduce the average viscosity of oil in the Trans Alaska Pipeline System; and                                            
09 WHEREAS Caelus Energy's Nuna project is estimated to hold 100,000,000 barrels of                                      
10 recoverable oil and could produce 25,000 barrels of oil a day; and                                                      
11 WHEREAS ConocoPhillips' Willow discovery is estimated to hold 300,000,000                                             
12 barrels of recoverable oil and could produce 100,000 barrels of oil a day; and                                          
13 WHEREAS ConocoPhillips' Greater Moose's Tooth 1 project could produce 30,000                                          
14 barrels of oil a day; and                                                                                               
15 WHEREAS ConocoPhillips' Greater Moose's Tooth 2 project could produce 25,000                                          
16 barrels of oil a day; and                                                                                               
17 WHEREAS ConocoPhillips' 1H NEWS project in the Kuparuk River unit could                                               
18 produce 8,000 barrels of oil a day; and                                                                                 
19 WHEREAS Hilcorp Energy's offshore oilfield Liberty project is estimated to hold                                       
20 125,000,000 barrels of recoverable oil and could produce 70,000 barrels of oil a day; and                               
21 WHEREAS Hilcorp Energy's Moose Pad Development project in the Milne Point                                             
22 unit, which is already under construction, is estimated to hold 30,000,000 - 50,000,000 barrels                         
23 of recoverable oil and could produce 18,000 barrels of oil a day; and                                                   
24 WHEREAS Brooks Range Petroleum Corporation's Mustang project is estimated to                                          
25 hold 40,000,000 barrels of recoverable oil and could produce 12,000 barrels of oil a day; and                           
26 WHEREAS several projects, including the Arctic Slope Regional Corporation's                                           
27 Placer project, ConocoPhillips' Fiord West and Tofkat projects, and ExxonMobil's Point                                  
28 Thomson project, could also increase the volume of oil transported through the Trans Alaska                             
29 Pipeline System; and                                                                                                    
30 WHEREAS all or part of the oil production generated from these projects would                                         
31 result in increased throughput in the Trans Alaska Pipeline System, boosting state revenue;                             
01 BE IT RESOLVED that the Alaska State Legislature urges the governor and the                                           
02 Alaska delegation in Congress to do all that is in their power to expedite the responsible                              
03 development of oil fields in the state to increase the volume of oil transported through the                            
04 Trans Alaska Pipeline System as soon as possible.                                                                       
05       COPIES of this resolution shall be sent to the Honorable Lisa Murkowski and the                                 
06 Honorable Dan Sullivan, U.S. Senators, and the Honorable Don Young, U.S. Representative,                                
07 members of the Alaska delegation in Congress.