Repsol Sells Portion of Interest, Dials Back Development Plans
Armstrong Oil & Gas, a private exploration and production company headquartered in Denver, Colorado, is backing up its optimism for hydrocarbon production in Alaska.

On October 13, 2015, the company increased its stake in the Colville River Delta region on Alaska’s North Slope for total consideration of more than $800 million. A combination of cash, operational control, drilling commitments and contractual adjustments for monetary considerations were all implied in the trans...

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