Chevron to sell Cook Inlet properties.

• Author: Pounds, Nancy
• Position: Inside Alaska Business

Chevron plans to sell its Cook Inlet oil and gas assets, which include properties owned by Union Oil Co. of California and Chevron U.S.A. Inc.

Chevron was one of the original explorers and developers of the Cook Inlet oil and gas fields. The company employs about 450 people and contractors in Alaska.

"We believe that finding a company that views the Cook Inlet as a vital, core asset will benefit the employees, the community and the state in the long run," said John Zager, general manager for Chevron in Alaska.

The assets Chevron intends to divest include interests in the Granite Point, Middle Ground Shoals, Trading Bay and MacArthur River Fields...