Just take 12.5% of the 1 to 5 Billion Barrel estimated at the Pikkia discovery on the North Slope by Armstrong and don't include all the other new finds made by those other explorers earning the credits. 

Total the wealth the state gets from the program. Think about the 19 billion found in 1967 around Prudhoe, the state got 12.5% royalty on that plus taxes and more. What a deal the state has had with these oil companies, free money for doing nothing. If you think the state has given the oil drillers such a great deal why don't you get a group with money to risk and drill?