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
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?
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 $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 04/14/2014)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.