Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

Hilcorp Energy has agreed to buy the Cook Inlet assets of an Exxon Mobil subsidiary, according to the Alaska Dispatch News, which says the transaction includes two offshore platforms from XTO Energy, along with a tank facility and offices in Nikiski, Alaska, on the Kenai Peninsula.

The deal is expected to close by this fall. The two platforms produce appromately 1,750 barrels of oil per day.

Hilcorp is active in oil and gas in Cook Inlet and the North Slope, and the company ranked No. 1 in the July installment of the OGFJ100P ranking of privately held companies by BOE.

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