Forest sells Alaska assets
California independent Pacific Energy says Cook Inlet will be core area
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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