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Vol. 14, No. 13 Week of March 29, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


Conoco pulls out of Beaufort; gives up 41 state, federal leases

ConocoPhillips has almost entirely pulled out of the U.S. Beaufort Sea, citing the economic difficulty of developing the remote, isolated and challenging region. Since late last year, the company has surrendered 26 leases, or 107,000 gross acres in the waters stretching off the coast of the North Sl....


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