Alaska2026Passed Legislature
SB176
Alaska Approves Sale of Royalty Oil to Marathon Petroleum
Last scannedSep 23, 2026, 12:32 AM
In one sentence
This bill approves and ratifies a contract for the State of Alaska to sell royalty oil to Marathon Petroleum Supply and Trading Company LLC.
What it does
- Approves an agreement between the state, Marathon Petroleum Supply and Trading Company LLC (a Delaware Limited Liability Company), and Marathon Petroleum Corporation (a Delaware Corporation).
- Ratifies the sale of royalty oil under existing state law AS 38.06.055.
- Attaches a specific contract document to this bill as Exhibit 1.
Who it affects
- The State of Alaska
- Marathon Petroleum Supply and Trading Company LLC
- Marathon Petroleum Corporation
Limits and unknowns
- The bill text does not list the price of the oil.
- The total amount of oil in the sale is not stated in this document.
- Details about how long the contract lasts are only found in the attached Exhibit 1.
Plain language
Terms to know
- Royalty oil
- Oil that the state owns as a share from production on public lands.
- Ratifies
- Officially approves or confirms an agreement so it becomes valid.
Official record
Sources
Read the official summary
APPROVE MARATHON PETRO ROYALTY OIL SALE An Act approving and ratifying the sale of royalty oil by the State of Alaska to Marathon Petroleum Supply and Trading Company LLC; and providing for an effective date.
Official activity
Bill history
- (S) Minutes (SFIN)Min
- (S) Heard & Held -- Please Note Time Change --Text
- (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
- (S) REFERRED TO FINANCE974
- (S) FN1: INDETERMINATE(DNR)974
- (S) NR: KAWASAKI, WIELECHOWSKI, CLAMAN974
- (S) DP: GIESSEL, DUNBAR974
- (S) RES RPT 2DP 3NR974
- (S) Minutes (SRES)Min
- (S) Moved SB 176 Out of CommitteeText
- (S) RESOURCES at 03:30 PM BUTROVICH 205Text
- (S) Minutes (SRES)Min
- (S) Heard & HeldText
- (S) RESOURCES at 03:30 PM BUTROVICH 205Text
- (S) GOVERNOR'S TRANSMITTAL LETTER876
- (S) FN1: INDETERMINATE(DNR)876
- (S) RES, FIN875
- (S) READ THE FIRST TIME - REFERRALS875