NOW READ OUR ARTICLES IN 40 DIFFERENT LANGUAGES.
HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PAY HERE

SEARCH our ARCHIVE of over 17,000 articles
Vol. 17, No. 42 Week of October 14, 2012
Providing coverage of Alaska and northern Canada's oil and gas industry


Geothermal drill rig sold in foreclosure

Creditor Baker Hughes makes complex offer to buy Naknek Electric rig; it likely will be resold to a Cook Inlet oil and gas operator

Wesley Loy

For Petroleum News

Oilfield services firm Baker Hughes acquired a drilling rig at a recent foreclosure sale in Anchorage. The National 1320 rig belonged to Naknek Electric Association, a small rural cooperative serving villages in the Bristol Bay region of Southwest Alaska. The rig was used on a problem-plagued geothe....

    [additional news subjects in this story]

What happens next?

Shattered dream


You must be logged in to view this story. Please either log in or subscribe.

Click here to subscribe to Petroleum News for as low as $89 per year.

Subscribers log in here to read the entire newspaper (1998 to 10/29/2022)





|
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E