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Vol. 12, No. 22 Week of June 03, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry


Forest sells Alaska assets

California independent Pacific Energy says Cook Inlet will be core area

Kay Cashman

Petroleum News

On May 29, Denver-based Forest Oil announced the sale of its remaining Alaska assets to Pacific Energy Resources for approximately $464 million. Pacific Energy, a new player in the state, told Petroleum News its soon-to-be-acquired Alaska assets will “become a core area” for the Long Beach, Calif.-b....

    [additional news subjects in this story]

Plans to pour money into Alaska

Expects to keep most Alaska employees

Corsair a high-priority; will be talking to Escopeta


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