Hilcorp to buy Chevron's Cook Inlet assets

摘要

Houston-based, privately-held E&P Hilcorp Energy Co. plans to acquire the Alaskan Cook Inlet assets held by Union Oil Co. of California, a subsidiary of Chevron Corp., San Ramon, Calif., (NYSE: CVX) for an undisclosed price. The assets include interests in the Granite Point, Middle Ground shoals, Trading Bay and Mac Arthur River fields; interests in 10 offshore platforms; interests in onshore gas fields, including the Ninilchik Unit and the Beluga River Unit; and two gas-storage facilities. Current net production from these assets is approximately 3,900 bbl. of oil and 85 million cu. ft. of natural gas per day.