SB0176A -1- SB 176
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34-GS1086\A
SENATE BILL NO. 176
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FOURTH LEGISLATURE - FIRST SESSION
BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR
Introduced: 4/15/25
Referred: Resources, Finance
A BILL
FOR AN ACT ENTITLED
"An Act approving and ratifying the sale of royalty oil by the State of Alaska to 1
Marathon Petroleum Supply and Trading Company LLC; and providing for an 2
effective date." 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4
* Section 1. The uncodified law of the State of Alaska is amended by adding a new section 5
to read: 6
ROYALTY OIL SALE CONTRACT WITH MARATHON PETROLEUM SUPPLY 7
AND TRADING COMPANY LLC APPROVED AND RATIFIED. In accordance wi th 8
AS 38.06.055, the legislature approves and ratifies the Agreement for the Sale of Royalty Oil 9
between and among the State of Alaska, Marathon Petroleum Supply and Trading Company 10
LLC, a Delaware Limited Liability Company, and Marathon Petroleum Corporation, a 11
Delaware Corporation, attached as Exhibit 1 to the "Final Best Interest Finding and 12
Determination for the Sale of Alaska North Slope Royalty Oil to Marathon Petroleum Supply 13
and Trading Company LLC" dated April 14, 2025. 14 34-GS1086\A
SB 176 -2- SB0176A
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* Sec. 2. This Act takes effect immediately under AS 01.10.070(c). 1