As part of its portfolio rationalization effort, Texaco saidlast week that it has agreed to sell $161.1 million worth ofsouthwestern and Midcontinent properties to Bargo Energy. Theeffective date of the purchase was Jan. 1, 2000 and closing isexpected to occur late in the first quarter of this year.
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Texaco Sheds $161M in TX and Midwest Assets
As part of its portfolio rationalization effort, Texaco saidyesterday that it has agreed to sell $161.1 million worth ofsouthwestern and Midcontinent properties to Bargo Energy. Theeffective date of the purchase is January 1, 2000 and closing isexpected to occur late in the first quarter of this year.
February 25, 2000
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