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Vol. 15, No. 40 Week of October 03, 2010
Providing coverage of Alaska and northern Canada's oil and gas industry


Pacific Energy, state seek bankruptcy deal

As former player in Alaska’s Cook Inlet liquidates, a settlement is reached on state’s $40M claim to cover abandonment costs

Wesley Loy

For Petroleum News

The State of Alaska is looking to settle huge claims lodged against Pacific Energy Resources Ltd., which is liquidating through a Delaware bankruptcy court. Papers filed Sept. 21 say the state asserted claims exceeding $200 million against Pacific Energy, which formerly operated or owned stakes in a....

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Terms of settlement

Collection uncertain


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