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AVCG, LLC v. DEP'T OF NATURAL RESOURCES

Supreme Court No.: S-18170. No. 7645.

527 P.3d 272 (2023)

AVCG, LLC, Appellant, v. State of Alaska, DEPARTMENT OF NATURAL RESOURCES, Appellee.

Supreme Court of Alaska.

April 7, 2023.

Attorney(s) appearing for the Case

Louisiana W. Cutler , Joan M. Travostino , and Siena M. Caruso , Dorsey & Whitney LLP, Anchorage, for Appellant.

David A. Wilkinson , Senior Assistant Attorney General, Anchorage, and Treg R. Taylor , Attorney General, Juneau, for Appellee.

Before: Winfree, Chief Justice, Maassen, Carney, Borghesan, and Henderson, Justices.

OPINION

I. INTRODUCTION

Alaska Venture Capital Group, LLC (AVCG) owned interests in oil and gas leases on state lands on the North Slope. AVCG sought the State's1 approval to create overriding royalty interests on the leases.2 The

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