Hilcorp Energy Company allowed to keep finances private during deal with BP
A regulatory agency in Alaska has granted a request by Hilcorp Energy Company to keep its finances private during a $5.6 billion deal to buy B-P Alaska's pipeline assets.
AP reports that the Regulatory Commission of Alaska said Thursday that the Texas-based company and its subsidiaries can keep their financial statements confidential.
Alaska Public Interest Research Group analyst, Philip Wight, says it is considering legal action to reverse the decision.
Hilcorp announced in August that it intended to purchase BP Alaska's operation in the Prudhoe Bay oil field, including BP’s stake in the 800-mile trans-Alaska pipeline, and related pipelines.