An agreement has been reached by XTO Energy to sell its Cook Inlet assets to Hilcorp Alaska.
XTO is a subsidiary of Exxon Mobil, the world’s largest publicly traded oil and gas company.
Exxon Spokeswoman Kim Jordan…
Jordan: “Well XTO Energy reached an agreement to sell its interests in the Cook Inlet, that’s 29 producing wells, two platforms and an onshore facility to Hilcorp Alaska.”
She said the sale is a part of their regular practice to review their assets to drive profitability and shareholder value.
Hilcorp representatives were not immediately available to comment on what the purchase means for the company.
