Alaska § 38.05.720 - Transition from enhanced oil recovery operations to carbon storage operations.
Full text of Alaska Alaska Statutes § 38.05.720 — Transition from enhanced oil recovery operations to carbon storage operations., with citation guidance and answers to common questions.
§ 38.05.720. Transition from enhanced oil recovery operations to carbon storage operations.
(a) A lessee under AS 38.05.180 shall acquire a carbon storage lease before engaging in carbon storage activity that is not associated with enhanced oil or gas recovery.
(b) At the commissioner's discretion, the commissioner may issue a carbon storage lease to a lessee under AS 38.05.180 if the lessee is in compliance with regulations adopted under AS 41.06.185 (b). The commissioner may consider the qualifications and abilities of the lessee to meet the commercial requirements of a carbon storage lease and whether issuance of the lease is in the best interests of the state.
(c) A carbon storage lease issued under this section must include (1) commercial terms acceptable to the department that satisfy the requirements of AS 38.05.705 (c)(3);
(2) the agreements required under AS 38.05.710 (h);
(3) any other condition or obligation the commissioner considers necessary or that is required by regulation.
(d) Before a carbon storage lease issued under this section may be transferred or assigned to an entity that is not the responsible party under the existing oil and gas lease under AS 38.05.180 , the assuming party must provide financial assurance acceptable to the department that the obligations of the lease can be met.
(e) The department may adopt regulations that allow all or part of a lease issued under AS 38.05.180 to be transitioned to a lease under this section upon the receipt of a permit issued under AS 41.06.185 .
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 38.05.720
What does Alaska Statutes § 38.05.720 cover?
Section 38.05.720 ("Transition from enhanced oil recovery operations to carbon storage operations.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 38.05.720?
A common citation format is "Alaska Statutes § 38.05.720" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 38.05.720 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.