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Texas Billionaire Makes Deal on Alaskan Oilfields

Posted on 4/23/2014 by with 0 comments

BP announced today that it is selling its interests in four oilfields on Alaska’s North Slope to Hilcorp Energy, the company owned by Houston billionaire Jeffery Hildebrand.

The assets include all of BP’s interest in the Endicott and Northstar oilfields as well as a 50% interest in the Liberty and Milne Point fields.

According to Oil & Gas Journal, the assets are producing about 20,000 barrels per day of oil and equivalent natural gas.



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