Big Oil gets a screaming good deal on royalties in Alaska. Just compare us to the other oil producing states:

Texas 25%
Arkansas 25%
Private Land Owners with major reserves 25% for past few decades
Louisiana 21.9% 23.3% since 2000
Colorado 20%
New Mexico 20%
North Dakota 18.75%
Federal Offshore 16.7%

Montana, Utah & Wyoming 16.67%

Alaska 12.5%

Unlike Chilkoot Charlie’s, Big Oil cheats us and passes the savings on to Big Oil!!