Pacific Energy Closes on Onshore Asset Sale for $34MM

Pacific Energy Resources Ltd. announced that, pursuant to its press release dated July 29th, 2008, the sale of its onshore California assets located in the San Joaquin Basin has closed. The Company received approximately US $34 million in proceeds from the transaction which will be used to reduce debt and fund general working capital and capital expenditures related to drilling.



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
Channel Development Manager Job
Expertise: Business Development|Sales
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours