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Oil patch insider: ConocoPhillips Alaska reports year
end; Meet Alaska '26; Golden Dome
Kay Cashman Petroleum News
In 2025, ConocoPhillips Alaska incurred an estimated $1.3 billion in taxes and royalties, including $1 billion to the State of Alaska and nearly $300 million to the federal government.
ConocoPhillips Alaska reported a net income of $730 million for the year.
ConocoPhillips Alaska delivered another strong year in 2025 as we continued to advance our Alaska portfolio, Erec Isaacson, president of ConocoPhillips Alaska, was quoted as saying in the Feb. 18 release.
Progress continues on the Willow project, which will achieve nearly 50% completion during this winter season and remains on track for first oil in early 2029. More than 2,400 jobs were filled to progress Willow critical scope in 2025, which included the construction of two bridges, installation of 72 miles of pipeline, and beginning of year-round Willow camp occupancy. We also sanctioned our Coyote major project located in the Kuparuk River unit, which will include a pad expansion, pipeline installation, and a 19-well drilling program. These investments reinforce our long-term commitment to Alaska and continue to support economic growth and job creation, Isaacson said.
We have invested more than $3.6 billion in Alaska projects in 2025, demonstrating our confidence in Alaska's resource base and the value of a stable and competitive fiscal regime, Isaacson finished.
Since 2007, ConocoPhillips Alaska has incurred approximately $47 billion in taxes and royalties to the State of Alaska and the federal government. Of that amount, about $37 billion went directly to the state. In that same period, ConocoPhillips Alaska's earnings were approximately $29 billion.
About ConocoPhillips Alaska: ConocoPhillips Alaska has been a leader within Alaska's oil industry for more than 50 years. The company is committed to operating with the highest safety standards, responsibly developing Alaska's resources, promoting economic opportunity for Alaska, and being a valuable community partner. For more information visit www.conocophillipsalaska.com.
--KAY CASHMAN
Meet Alaska The Alliance's Rebecca Logan has done it again with Meet Alaska 2026, scheduled for Thursday, March 19 at the Hotel Captain Cook in downtown Anchorage.
From catchy phrases -- Meet Alaska 2026 Powered by possibility & The energy conversation you can't afford to miss -- to solid content, she has designed an event people interested in the oil and gas industry in Alaska must attend.
Topics include:
Alaska's Next Chapter: Energy, Minerals & Momentum
Mining Alaska's Potential: Critical Minerals for a New Economy
Future of the Slope: Redevelopment, New Discoveries & Investment
Infrastructure That Builds Alaska: TAPS, Ports & the Next 50 Years
From North Slope to Global Markets: Trends Shaping LNG
What Comes Next for Alaska? A Conversation with Gubernatorial Candidates
Voters, Volatility, and the 2026 General Election
Cold Climate, Hot Demand: Is Alaska Built for the AI & Data Center Boom?
And more...
Registration and sponsorship opportunities are now open for Meet Alaska 2026. Call 907-563-2226 for information.
--KAY CASHMAN
Ahtna and Golden Dome From Alaska Story: Ahtna Diversified Holdings, a subsidiary of Ahtna Inc., has been selected by the US Missile Defense Agency for participation in the agency's Scalable Homeland Innovative Enterprise Layered Defense program, known as SHIELD, a massive contracting vehicle designed to speed new Golden Dome missile defense capabilities to the field.
The Ahtna/Qualis joint venture has been awarded an indefinite-delivery/indefinite-quantity contract under SHIELD, with a ceiling value of $151 billion. However, the award does not represent guaranteed funding at that level but rather qualifies the joint venture to compete for future task orders as the Missile Defense Agency rolls out its latest projects.
Ahtna Logistics also received an award under the SHIELD program, ADH said, joining a pool of more than 1,000 companies eligible to bid on upcoming work that relates to the Golden Dome missile defense project of President Donald Trump.
The SHIELD contract is structured to give the Pentagon greater flexibility and speed in developing and deploying innovative layered defense systems, allowing rapid delivery of technology and support services to the warfighter.
For Alaska, the award highlights the growing footprint of Alaska Native corporations in national defense contracting -- positioning Ahtna's subsidiaries and partners for potential future work as the federal government expands its missile defense posture.
The joint venture's selection means it can now pursue task orders that would not otherwise be accessible.
--Alaska Story
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