State receives first net profit share paymentBP Exploration (Alaska) pays $2.6 million for lease at Endicott; similar leases at Milne Point haven’t yet paid development costs Kristen Nelson PNA News Editor
Thirteen years after the start of oil production from the Endicott oil field, the state of Alaska has received its first net profit share payment from a lease at the field, Gov. Tony Knowles said April 20. BP Amoco made the $2.6 million payment at the end of March for production during the month of....
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