Rig to be offered at foreclosure sale
The rig belongs to Naknek Electric Association, a small Alaska co-op that found mainly trouble with geothermal drilling effort
For Petroleum News
A U.S. Bankruptcy Court judge has approved a foreclosure sale for a drilling rig used in a failed geothermal exploration effort in Southwest Alaska.
The rig belongs to Naknek Electric Association, which was forced to file for Chapter 11 bankruptcy protection from creditors in September 2010. The sma....
[additional news subjects in this story]
How sale will work
Rig resale expected
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 07/22/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.