DOI Balks At Pacific's Shedding Of Alaska Assets

Law360, New York (July 21, 2009, 9:31 PM EDT) -- The U.S. Department of the Interior has objected to a plan by Pacific Energy Resources Ltd. to abandon a handful of oil and gas properties in Alaska due to environmental concerns.

Lodged in the U.S. Bankruptcy Court for the District of Delaware on Tuesday, the government’s motion claims that PER has not adequately analyzed whether abandoning oil and gas properties near the Cook Inlet in Alaska will lead to harmful environmental consequences.

According to the DOI and the Bureau of Land Management, PER has not taken...
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