Pacific Energy Resources Company Description
The specific location of Pacific Energy Resources' primary energy resource is an offshore oil field near Long Beach, California. Formerly named Shamrock Resources, the company is engaged in the acquisition, exploitation, and development of oil and gas properties in the Western US and Alaska. The company specializes in redeveloping mature oil and gas fields by using advanced production technology. Pacific Energy Resources has proved reserves of 50.4 million barrels of oil equivalent. Diversifying its asset base beyond its California roots, it began developing a project in Wyoming in 2006. Branching out further, in 2007 the company acquired Forest Oil 's Alaskan oil and gas assets for $464 million.
View the Comprehensive Company Description for Pacific Energy Resources
The Company Description provides a historical perspective of Pacific Energy Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Pacific Energy Resources's evolution in the marketplace.
