Early trades created two participating areas at PrudhoeOil, gas interests not aligned; litigation over Phillips Petroleum’s acquisition of ARCO Alaska was opportunity to solve problem Kristen Nelson PNA News Editor
When the major Prudhoe Bay owners aligned their interests in mid-April, they solved a problem which has existed since the Prudhoe Bay unit was formed. Because there was no agreed-upon price for the field’s natural gas — because there was no way to get the gas to market — the field owners formed two....
[additional news subjects in this story]
Balance couldn’t hold up over time Quite an opportunity
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