Pacific Energy proposes $100 asset sale
California oil and gas producer looks to shed stake in Trading Bay oil field in Cook Inlet, unload debt and other obligations
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....
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