Pacific Energy Resources Ltd. (PERL) along with its wholly owned subsidiaries, is engaged in acquisition, development and exploitation of oil and natural gas properties in the Western United States. In March 2007, PERL acquired certain assets in the Beta oil field located offshore California, including Platforms Eureka, Elly and Ellen and 100% of the stock of San Pedro Bay Pipe Line Company. In June 2007, PERL formed Pacific Energy Alaska Holdings, LLC, which in August 2007, acquired 100% of interests in Forest Alaska Operating LLC, which was renamed Pacific Energy Alaska Operating LLC, 50% of the outstanding shares of Cook Inlet Pipe Line Company, and other related oil and gas assets in Alaska.(Source: ARS)
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