Start of Something Big

Thomas Smith March 2, 2011Original Story An oil discovery in the Moose Range wilderness on Alaska’s Kenai Peninsula would bring a momentous change to the territory and have oil exploration implications far to the north. The discovery in Moose Range was the boost Alaska Territory woefully needed at a time when mining was down and…

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‘Marshall’s Folly’ Changes Course of Alaska History

Discovery of Prudhoe Bay February 2015 Heather Saucier, Explorer Correspondent Original Story Here It wasn’t easy, that’s for sure. But AAPG member Tom Marshall – a geologist who moved to Alaska in his early 30s, enamored by the idea of homesteading in the Matanuska-Susitna Valley – managed to change the future of the entire state with…

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In the early 1950s, Alaska Oil & Gas Development Company offered 300,000 shares of stock at $1 per share, advertising in newspapers.

Original story Years before Alaska became a state, petroleum exploration companies drilled expensive dry holes. The Alaska Oil & Gas Development Company was among them. The Alaska territory’s first commercial oil well arrived in 1957, two years before statehood. The discovery well, drilled by the Richfield Oil Company – today known as ARCO – successfully drilled…

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