Walter B. Parker Act, which was signed into law in 1980 by U.S. President Jimmy Carter. On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, spilling an estimated 260,000 to 750,000 barrels of crude oil. The Exxon Valdez oil spill was a major environmental disaster for the state. Governor Steve Cowper, who held office at the time of the spill, appointed Walter Parker as the chairman of the Alaska Oil Spill Commission in 1989. The Alaska Oil Spill Commission was created by the Alaska state government to investigate the causes of the Exxon Valdez oil spill.
Prudhoe Bay oil spill $10 million which included per-gallon environmental penalties for the spills, fines for natural resource damages and other civil charges to settle civil assessments for the spills. BP argued that no money was owed to the state for lost production, but the arbitration panel concluded that the pipeline problems and associated reservoir complications resulted in lost or deferred production of more than 30 million barrels of oil and natural-gas liquids until the end of the oil field's life. Prudhoe Bay oil spill The Prudhoe Bay oil spill (2006 Alaskan oil spill) was an oil spill that was discovered on March 2,