Pacific Energy's Cook Inlet Sale Hits Speed Bumps

Law360, New York (October 28, 2009, 7:01 PM EDT) -- Bankrupt Pacific Energy Resources Ltd. is facing a raft of objections to its proposed sale of oil and gas assets in Alaska's Cook Inlet region, a month after a bankruptcy judge gave Pacific Energy the go-ahead to abandon the facilities when no buyers initially emerged.

The U.S. Department of the Interior, the state of Alaska, Stellar Energy LLC and several other companies filed objections to Pacific's motion to sell the Cook Inlet assets to Cook Inlet Energy LLC in the U.S. Bankruptcy Court for the District...
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