Chevron Plans to Sell Cook Inlet Holdings

Chevron plans to sell its holdings in Cook Inlet.  They will be sold to Houston-based Hilcorp Alaska LLC.

Covered in the sale are Union Oil contracts and interests in Granite Point, Middle Ground Shoals, Trading Bay and MacArtrhur River fields. Also included are interests in 10 offshore platforms, two onshore gas fields and two gas storage facilities.

The current net production from these is about 3,900 barrels of oil and 85 million cubic feet of natural gas per day.

The sale also includes interests in two pipeline companies.

Chevron maintains its interests in the Alaska North Slope and in the trans-Alaska oil pipeline.

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