ALASKAN OIL AND GAS PROSPECTS: BOOM OR BUST?
Thomas J. Woods Gas Research Institute Washington, D.C. Alaska contains the largest oil field discovered in the U.S. as well as many other large oil fields. Large gas discoveries have also been made, but because of its remote location relative to existing gas markets, little Alaskan gas has been produced or is currently booked as proved reserves. Based on the large discoveries to date, some parts of Alaska could be among the richest oil and gas provinces in North America or even the world.