Bristol Bay Native Corporation: Difference between revisions
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Under federal law, Bristol Bay Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)). |
Under federal law, Bristol Bay Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)). |
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As of October 2013, BBNC owns a total of 14 [[subsidiaries]] specializing in oilfield and industrial Service, administration, government services, petroleum distribution, and construction.<ref name="BBNC Companies">{{cite web|title=Our Companies|url=http://www.bbnc.net/index.php/our-companies|work=Bristol Bay Native Corporation|publisher=Bristol Bay Native Corporation|accessdate=4 October 2013}}</ref> |
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| ⚫ | Bristol Bay Native Corporation announced that it had acquired Anchorage-based [[Peak Oilfield Service Company]] in October 2013 from [[Nabors Alaska Services Corporation]]. Peak provides services on the [[Alaska North Slope]], [[Valdez]], [[Cook Inlet]], and [[North Dakota]].<ref name="Peak Acquisition">{{cite news|last=Associated Press|title=Native corporation plans acquisition of Peak Oilfield|url=http://www.adn.com/2013/10/03/3107588/native-corporation-plans-company.html|accessdate=4 October 2013|newspaper=Anchorage Daily News|date=3 October 2013}}</ref> |
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==See also== |
==See also== |
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Revision as of 19:07, 4 October 2013
Bristol Bay Native Corporation, or BBNC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Bristol Bay Native Corporation was incorporated in Alaska on June 13, 1972.[1] Headquartered in Anchorage, Alaska, Bristol Bay Native Corporation is a for-profit corporation with approximately 8,700 Alaska Native shareholders primarily of Yup'ik, Alutiiq, Aleut, and Dena'ina Athabaskan descent.
Officers and Directors
A current listing of Bristol Bay Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BBNC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.[1]
Shareholders
At incorporation, Bristol Bay Native Corporation enrolled 5,401 Alaska Native shareholders,[2] each of whom received 100 shares of BBNC stock. BBNC presently has about 7,800 shareholders.[3] As an ANCSA corporation, BBNC has no publicly traded stock and its shares cannot legally be sold.
Lands
The BBNC region encompasses of about 34 million acres (140,000 km²), about the size of the state of Ohio, around Bristol Bay and the northern Alaska Peninsula in southcentral Alaska. Of this, BBNC's land entitlement under ANCSA includes 101,500 acres (411 km²) of surface estate and 2,716,000 acres (10,990 km²) subsurface estate.[2]
Alaska Governor and Vice-Presidential nominee Sarah Palin disclosed her finances in 2007, reporting at least $5,000 worth of dividends in BBNC for the 2006 calendar year.
Business enterprises
Under federal law, Bristol Bay Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).
As of October 2013, BBNC owns a total of 14 subsidiaries specializing in oilfield and industrial Service, administration, government services, petroleum distribution, and construction.[4]
Bristol Bay Native Corporation announced that it had acquired Anchorage-based Peak Oilfield Service Company in October 2013 from Nabors Alaska Services Corporation. Peak provides services on the Alaska North Slope, Valdez, Cook Inlet, and North Dakota.[5]
See also
- Badger Army Ammunition Plant, a site operated by BBNC (SpecPro, Inc.)
- Bristol Alliance of Companies, a subsidiary group of BBNC (Bristol Alliance of Companies)
References
- ^ a b Corporations Database. Bristol Bay Native Corporation. Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-27.
- ^ a b Bristol Bay Native Corporation. (2006). "Bristol Bay Region Facts." Retrieved on 2007-03-27.
- ^ Bristol Bay Native Corporation. (2006). "About Us." Retrieved on 2007-03-27.
- ^ "Our Companies". Bristol Bay Native Corporation. Bristol Bay Native Corporation. Retrieved 4 October 2013.
- ^ Associated Press (3 October 2013). "Native corporation plans acquisition of Peak Oilfield". Anchorage Daily News. Retrieved 4 October 2013.
External links
- Bristol Bay Native Corporation (official website).