Case Description
Plaintiff States, along with the FTC sought to enjoin the merger between BP and ARCO, alleging that the merger would give BP monopoly-like control over Alaska North Slope crude oil production and sales to West Coast refineries. In order to consummate the merger and maintain a viable, competitive market, BP-ARCO agreed to divest the ARCO Alaska assets and its ARCO Beluga Inc. assets to Phillips Petroleum of Bartlesville, Oklahoma. Additionally, BP Amoco cannot, without thirty days advance written notice to the Plaintiff States, attempt to reacquire any of the divested assets for a period of ten years. Further, the Plaintiff States were awarded $1,208,112.55 in costs of the investigation and attorneys fees.