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Union Sues Pacific Energy For Alaska Oil Profits

By Tina Peng (June 19, 2009, 12:00 AM EDT) -- Union Oil Co. of California has filed an adversary complaint against bankrupt Pacific Energy Resources Ltd., alleging that it deserves first priority to proceeds from two Alaskan offshore oil fields because a PERL subsidiary owes it more than $26.3 million in unpaid operating expenses and expenditures....

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