OPINION
COMPTON, Justice.
In this appeal we are asked to decide whether the statutory requirement that oil drillers submit well data to the Department of Natural Resources constitutes an unconstitutional taking of property. We conclude that it does not; therefore, we reverse.
I. FACTUAL AND PROCEDURAL BACKGROUND
A. State Regulation of Oil and Gas Activities
The drilling for and production of oil and gas in Alaska was first regulated...
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