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.
- Miller Energy Snaps Up More Than $300MM Alaskan O&G Assets (Dec 16)
- Pacific Energy Resources Abandons Interests in Operated Alaska Assets (Sep 15)
- Pacific Energy Abandons Interest in Trading Bay Unit in Alaska (Sep 04)