Geothermal drill rig sold in foreclosureCreditor Baker Hughes makes complex offer to buy Naknek Electric rig; it likely will be resold to a Cook Inlet oil and gas operator Wesley Loy For Petroleum News
Oilfield services firm Baker Hughes acquired a drilling rig at a recent foreclosure sale in Anchorage.
The National 1320 rig belonged to Naknek Electric Association, a small rural cooperative serving villages in the Bristol Bay region of Southwest Alaska. The rig was used on a problem-plagued geothe....
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What happens next? Shattered dream
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