Profile Overview
Quick Facts
- Alaska ranks fifth in the nation in natural gas gross withdrawals of more than 3.5 trillion cubic feet, most of which are reinjected into oil fields to help maintain crude oil production rates.
- Alaska's proved crude oil reserves of almost 3.4 billion barrels are the fourth largest of any state. In 2024, Alaska's oil production averaged 421,000 barrels per day, the fifth highest among the states.
- Many rural communities in Alaska rely primarily on diesel-fueled electric generators for power, and Alaska ranks second only to Hawaii in the share of its total electricity--about 15% in 2024--generated from petroleum.
- In 2024, Alaska generated about 30% of its total electricity from renewable energy sources. The state has a non-binding goal to generate 50% of its electricity from renewable and alternative energy sources by 2025.
- Alaska's per capita energy consumption is the highest in the nation in part because of the state's small population, harsh winters, and energy-intensive oil and natural gas industries.
Last Updated: May 15, 2025