- Associated Press - Tuesday, July 7, 2015

ANCHORAGE, Alaska (AP) - Hilcorp Energy has agreed to buy the Cook Inlet assets of an Exxon Mobil subsidiary.

The Alaska Dispatch News reports (https://bit.ly/1RhOA7T ) that the Houston, Texas,-based Hilcorp plans to purchase two offshore platforms from XTO Energy and a tank facility and offices in Nikiski on the Kenai Peninsula.

Hilcorp Alaska External Affairs Manager Lori Nelson says the company hopes to close the transaction this fall. The two platforms produce about 1,750 barrels of oil per day. Hilcorp will make offers to all 31 XTO employees working at the facilities.

The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.

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Information from: Alaska Dispatch News, https://www.adn.com


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