Pacific Energy proposes $100 asset saleCalifornia oil and gas producer looks to shed stake in Trading Bay oil field in Cook Inlet, unload debt and other obligations Wesley Loy For Petroleum News
Financially troubled oil and gas producer Pacific Energy Resources Ltd. is proposing to sell some of its most valuable assets in Alaska’s Cook Inlet for $100.
The asset package includes Pacific Energy’s interest in the Trading Bay oil field, which Chevron operates.
A judge in U.S. Bankruptcy Court i....
[additional news subjects in this story]
Sale terms Broad liquidation
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 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583 [email protected] --- 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.
|