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BP to quit Alaska after 60 years

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Oil giant BP is exiting Alaska after 60 years operating in the state.

The company agreed to sell its Alaskan properties to Hilcorp Energy Co. for $5.6 billion.

The deal includes the 800-mile Trans Alaska Pipeline and interest in Prudhoe Bay, the most prolific oil field in U.S. history, according to Reuters.

Read more from Reuters.

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