This is a form of a memo used to give notice of the existence of an Agreement that grants a Party certain exploration and development rights on Leases and contains provisions which create overriding royalty interests and reversionary working interests in a Party.
Alaska Memorandum Giving Notice of Existence of Agreement for Exploration and Development of Leases
Category:
State:
Multi-State
Control #:
US-OG-345
Format:
Word;
Rich Text
Instant download
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FAQ
The Alaska Purchase (Russian: ??????? ?????? Prodazha Alyaski, lit. 'Sale of Alaska') saw the Russian Empire transfer Alaska to the United States for a sum of $7.2 million in 1867 (equivalent to $117 million in 2021).
The AOGCC approves drilling plans submitted with an application for Permit to Drill. The permit application is reviewed by the Commission's professional staff and the approval process typically takes 5 working days for a routine oil and gas production or injection well.
The Senate approved the treaty of purchase on April 9; President Andrew Johnson signed the treaty on May 28, and Alaska was formally transferred to the United States on October 18, 1867. This purchase ended Russia's presence in North America and ensured U.S. access to the Pacific northern rim.
On March 30, 1867, the two parties agreed that the United States would pay Russia $7.2 million for the territory of Alaska. For less that 2 cents an acre, the United States acquired nearly 600,000 square miles.
Before the Russians, the land belonged to the indigenous tribes who had inhabited the land for thousands of years. These were the Yupik and the Inupiat.
But, after losing the Crimean War to Britain, France, and Turkey in 1856, the tsar was in no mood to negotiate with Great Britain or to see Alaska absorbed by a recent enemy. Russia thus turned to the only other potential buyer, the United States.
