Arctic Slope Regional Corporation
| Company type | Private |
|---|---|
| Industry | Petroleum refining and distribution, government contracting, energy services, industrial services, construction, natural resources |
| Founded | June 22, 1972 in Alaska, United States |
| Headquarters | Utqiaġvik , United States |
Area served | Alaska, continental United States |
Key people | Crawford Patkotak (Chairman), Rex A. Rock Sr. (President & CEO) |
| Products | Ultra-low sulfur diesel, jet fuel, heating oil, petroleum products |
Number of employees | 15,000 (2023) |
| Website | www |
Arctic Slope Regional Corporation (ASRC) ranks among the 13 Alaska Native Regional Corporations formed under the 1971 Alaska Native Claims Settlement Act (ANCSA) to address indigenous land claims. The corporation was officially incorporated in Alaska on June 22, 1972, and maintains its main headquarters in Utqiaġvik, Alaska, with additional administrative facilities located in Anchorage.
Functioning as a profit-driven entity, ASRC represents nearly 11,000 Alaska Native shareholders, predominantly of Inupiat heritage. Its business operations span diverse industries such as petroleum refining and distribution, government contracting, energy services, industrial solutions, construction, and natural resource exploitation. The company’s product offerings include mid-range distillates like ultra-low sulfur diesel, jet fuel, and heating oil.
For the fiscal year 2022, ASRC generated revenues close to US$3.9 billion and employs roughly 15,000 individuals. Leadership includes Chairman Crawford Patkotak and President & CEO Rex A. Rock Sr. The corporation’s various subsidiaries—namely ASRC Federal, ASRC Energy Services, ASRC Industrial Services, and ASRC Construction—support its wide-ranging operations and enhance its strategic position within Alaska’s energy and industrial sectors.
History
Arctic Slope Regional Corporation was created pursuant to the Alaska Native Claims Settlement Act enacted in 1971. Its original shareholder group consisted of approximately 13,000 Iñupiaq Eskimos identified in the 1970 United States census. Since its inception with 3,700 shareholders in 1972, the number has expanded to about 14,000 today.
Operations
ASRC is a privately held, for-profit entity with its main office situated in Utqiaġvik, Alaska and administrative headquarters in Anchorage, Alaska. As of 2023, the company employs around 15,000 staff members across Alaska and the continental United States.
The corporation conducts business through several subsidiaries:
ASRC Federal
ASRC Federal encompasses 19 companies employing over 8,000 people across more than 40 states. It delivers engineering, information technology, infrastructure support, and professional services to federal civil agencies as well as defense and intelligence sectors. Notable subsidiaries include ASRC Federal Agile Decision Sciences, ASRC Federal Cyber, ASRC Federal Mission Services, and ASRC Federal Space and Defense.
Petroleum Refining
ASRC is the owner of Petro Star Inc., recognized as Alaska’s sole locally owned refining and fuel marketing enterprise. It operates two refineries situated along the Trans-Alaska Pipeline System: the North Pole Refinery and the Valdez refinery. Fuel products are marketed under the North Pacific Fuel and Sourdough Fuel brands.
Oil Field Services
Employing approximately 2,300 Alaskans, ASRC Energy Services along with Little Red Services provide oil field support that includes hot-oil treatments for inspecting and cleaning oil well tubing and surface pipelines to sustain optimal production levels.
ASRC Industrial
Operating from Tempe, Arizona, ASRC Industrial is organized into three divisions: Maintenance, Mechanical and Specialty Services; Cleaning, Demolition and Remediation; and Engineering, Inspection and Professional Services. These are delivered through a network of 24 companies.
ASRC Building
ASRC Construction delivers services related to building projects, civil infrastructure development, and supply of building materials through four affiliated companies.
Other Operations
Eskimos, Inc. is engaged in the distribution of fuel and automotive components, whereas Top of the World Hotel manages Tundra Tours, Inc., which offers tourism-related services.
Resource Development
ASRC stands as a significant private landholder in Alaska, owning approximately 5 million acres. The corporation possesses royalty interests within the Colville River Unit (CRU), which encompasses the Alpine oil field. Although Alpine reached its production peak in 2005, satellite developments within CRU currently account for nearly one-quarter of total output. Production commenced in late 2015 at the CD-5 drilling site, targeting both the Nanuq Kuparuk and Alpine regions. Furthermore, permits were granted in 2015 for the Greater Mooses Tooth 1 (GMT1) project; ASRC holds majority subsurface ownership of this development situated near CD-5.
Corporate Governance
The ASRC board comprises 15 members representing the communities of Wainwright, Point Lay, Point Hope, Nuiqsut, Anaktuvuk Pass, Atqasuk, Kaktovik, and Utqiaġvik, along with three at-large directors.
As of 2023, the executive leadership included Rex A. Rock Sr. as President and CEO; Butch Lincoln serving as Executive Vice President and COO; Charlie Kozak as Executive Vice President and CFO; and Crawford Patkotak holding the position of Executive Vice President of Stakeholder Engagement. In 2021, Rock and Lincoln collectively earned close to $18 million.
Revenue
Following its founding in 1971, ASRC was allocated a share of $963 million under the Alaska Native Claims Settlement Act along with land parcels proportional to village populations within its jurisdiction. The corporation obtained clear title to these lands without competing claims and engaged specialists to assess resources such as petroleum, timber, fisheries, wildlife, and tourism opportunities. Its assets notably include half of the Alpine Oil Field’s estimated 429 million barrels, which has been operational since 2001.
In 2015, ASRC reported total revenues amounting to $2.5 billion. Since its inception, it has paid out dividends exceeding $915 million to shareholders. Additionally, from 2000 onward, ASRC has invested $90 million into regional socioeconomic programs encompassing scholarships and workforce training for qualified Iñupiat individuals.
ASRC Aerospace Corporation
ASRC Aerospace Corporation, established in November 1997 and based in Greenbelt, Maryland, employs over 1,000 staff members supporting fifteen major contracts with the U.S. Government. The company operates various divisions primarily engaged in aerospace engineering, systems development, and support for space programs.
Historically involved at NASA's Kennedy Space Center (KSC), ASRC Aerospace managed close to 100 projects including studies on lightning strikes affecting shuttle launches and the design of lightning arresters for the Ares rocket—the intended successor to the Space Shuttle prior to cancellation of the Constellation Program. The firm also developed proposals for electrostatic shielding for lunar bases.
As prime contractor on the University-Affiliated Spaceport Technology Development Contract (USTDC), ASRC Aerospace contributed to designing ground support equipment and modifications to mobile launchers and launch pads. However, following NASA’s shift in programs and retirement of the Shuttle fleet, the company reduced its workforce by roughly 20% in 2010.
ASRC Aerospace has been recognized for its strategic leadership and innovation efforts, receiving both the Florida Space Business Award in 2006 and NASA’s George M. Low Award in 2008 for consistent excellence in launch site engineering, project management, technology advancement, and technical support services.
Key Contracts
- Technology Development Agreement for University-Affiliated Spaceport (USTDC), located at Kennedy Space Center, Florida
- Glenn Engineering and Scientific Services Phase 2 (GESS-2), based at NASA Glenn Research Center, Cleveland, Ohio
- Numerous agreements with the United States Department of Defense
- IT Support Services for the Department of Energy
- Technical Assistance Support Services (TASS) for the USAF Space and Missile Systems Center (SMC)
- Network Services for NASA Space Communications
Rankings
In 2016, ASRC was positioned fourth out of 92 oil, gas, and mining firms regarding indigenous rights protection in the Arctic. By 2021, it achieved 14th place among 120 resource extraction enterprises in the Arctic Environmental Responsibility Index, reflecting its environmental stewardship north of the Arctic Circle.
External links
- Articles with short description
- 1972 establishments in Alaska
- Alaska Native regional corporations
- Arctic Slope region
- Culture of the Arctic
- Real estate companies established in 1972
- Conglomerate companies established in 1972
- American companies established in 1972
- 5
- Companies of the United States by year of establishment