Co-op proposes rig sale to Baker HughesNaknek Electric seeks bankruptcy court approval for deal; geothermal rig appears likely to end up in Cook Inlet basin Wesley Loy For Petroleum News
A troubled Southwest Alaska electric power cooperative says it has a deal to sell its geothermal drilling rig to oilfield service company Baker Hughes.
The deal could send the rig to work in the Cook Inlet basin. But the transaction is contingent on U.S. Bankruptcy Court approval.
The co-op, Naknek....
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Multiple benefits of deal
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