Alaska § 31.30.010 - Damages for wrongful extraction of oil or gas.
Full text of Alaska Alaska Statutes § 31.30.010 — Damages for wrongful extraction of oil or gas., with citation guidance and answers to common questions.
§ 31.30.010. Damages for wrongful extraction of oil or gas.
(a) If oil or gas has been or is extracted from any existing or subsequently drilled well by any person without right but who asserts a claim of right in good faith or who is acting under an honest belief as to the law or the facts, the measure of damages, if there is any right of recovery under existing law, shall be the value of the oil or gas at the time of extraction, without interest, after deducting all costs of development, operation, and production. The costs shall include taxes and interest on all expenditures from the date of the expenditures.
(b) In this section “oil or gas” includes all hydrocarbon minerals.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 31.30.010
What does Alaska Statutes § 31.30.010 cover?
Section 31.30.010 ("Damages for wrongful extraction of oil or gas.") 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 § 31.30.010?
A common citation format is "Alaska Statutes § 31.30.010" (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 § 31.30.010 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.