The Regulatory Commission of Alaska has approved transfer of Marathonís interests in Cook Inlet area natural gas pipelines to Hilcorp Alaska, subject to approval of transfers of the rights of way by the Alaska Department of Natural Resources.
These transfers are part of the purchase by Hilcorp Alaska of Marathonís assets in Cook Inlet, announced in early April, and expected to be complete by the end of the year. Hilcorp Alaska became a major oil and gas presence in Southcentral Alaska when it purchased Chevronís Cook Inlet oil and gas assets in 2011.
The RCA Nov. 20 order covers transfer of Marathonís interests in the Cook Inlet Gas Gathering System, the Kenai Kachemak Pipeline, the Beluga Pipe Line Co. and the Kenai Nikiski Pipeline LLC.
See story in Nov. 25 issue, available online at 11 a.m. Friday, Nov. 23, at www.PetroleumNews.com