ASRC owns title to nearly 5 million acres of land on Alaska's North Slope which contain a high potential for oil, gas, coal and base metal sulfides. It also owns subsurface and surface rights to certain lands.

The company seeks to adhere to traditional Inupiat values of protecting the land, the environment, and the native culture, while developing economic programs.

It operates in six diverse major business segments: petroleum refining and marketing, government contract services, energy support services, industrial services, resource development, and construction industries. Petro Star has two refineries (strategically positioned along the Trans-Alaska Pipeline) and serves Interior Alaska, South Central Alaska, Kodiak and Dutch Harbor. Its North Pole facility supplies the mining industry in the interior region of Alaska and provides home heating oil to several communities.

ASRC Federal Holding Company provides professional and technical services to the federal government (including defense and intelligence agencies, engineering, IT, infrastructure support, professional and technical services to civil).

ASRC Energy Services offers oilfield engineering, operations, maintenance, construction, fabrication, regulation and permitting, and other services to oil and gas companies. The company provides services to the energy industry throughout Alaska, and the Gulf of Mexico.

ASRC Construction Holding Company provides construction services to commercial and government clients in Alaska, the Lower 48, and in other countries.

ASRC Industrial Services (AIS) is a people-oriented organization of complementary yet diverse services, focusing on the industrial end-use customers nationwide.

Geographic Reach

ASRC represents approximately 13,000 members/shareholders in eight villages on the North Slope of Alaska: Anaktuvuk Pass, Atqasuk, Kaktovik, Nuiqsut, Point Hope, Point Lay, Utqiagvik, and Wainwright. ASRC has its head office in Utqiagvik, with a major administrative office in Anchorage. It has other subsidiary offices in the Lower 48 states.

Strategy

ASRC is issuing the following statement regarding its decision to drop its membership of the Alaska Federation of Natives or AFN. With this decision, ASRC intends to focus on the various needs within Alaska's North Slope, where there is an increased degree of alignment as well as additional efficiencies related to shared geography and other interests.

In 2019, the company acquired the National Environmental Group (NEG) and Niles Construction Services (NCS) through its wholly-owned subsidiary ASRC Industrial Services, LLC (AIS). Working with the teams at NEG and NCS will build on the companies' well-earned reputations and the process, provide additional opportunities for their talented workforces, bring additional services to customers, and ultimately deliver meaningful benefits to ASRC's shareholders.

Mergers and Acquisitions

In late 2019, ASRC announced the acquisition of Northwest Demolition & Dismantling (NWDD) by its wholly-owned subsidiary ASRC Industrial Services, LLC (AIS). Oregon-based, NWDD provides services throughout the US, Canada, and the Pacific islands. It has over 60 years in demolition, decommissioning, environmental remediation and specialty consulting services. The company will join AIS's Remediation and Response Services (RRS) operating group. Financial terms were not disclosed.

Company Background

ASRC was set up to own and manage 5 million acres on Alaska's North Slope after the Alaska Native Claims Settlement Act in 1971 cleared the way for oil development in the area.

In 2010 ASRC protested the US Fish and Wildlife Service's designation of Alaskan North Slope oil-producing areas as a critical habitat for endangered polar bears, claiming it would cost ASRC millions of dollars in lost oil revenues. In 2011 it led a coalition of Native groups to sue the Department of the Interior over this issue.

In 2012 ASRC Construction Holding expanded into southeast Alaska with the acquisition of native-Alaskan owned McGraw's Custom Construction.