BP-Hilcorp Sale & A Very Busy Fall – Part 1 of 3

Things have picked up in the public and among the press regarding the BP sale to Hilcorp. As Co- Chair of Resources Committee I have been studying this closely over the last couple of months since the announcement was made public on August 27th. Initially, I think some Alaskans, if they were around in 1990 for the BP-ARCO merger had an expectation of a robust public process. However, as I learned, that public process was in part because the Federal Trade Commission (FTC) identified anti-competitiveness issues that prompted what’s called a consent agreement and that process requires public…

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