Range Resources said it will become the Appalachian Basin’s third largest producer by acquiring the remaining 50% of Great Lakes Energy Partners LLC that it does not currently own from Akron, OH-based FirstEnergy Corp. It will pay $200 million in cash plus the assumption of $68 million in debt and will retire $22 million of oil and gas commodity hedges.
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Range Becomes Third Largest Appalachian Producer with $290M Great Lakes Deal
Range Resources said it will become the Appalachian Basin’s third largest producer by acquiring the remaining 50% of Great Lakes Energy Partners LLC that it does not currently own from Akron, OH-based FirstEnergy Corp. It will pay $200 million in cash plus the assumption of $68 million in debt and will retire $22 million of oil and gas commodity hedges.
June 3, 2004
El Paso Plans to Sell Corpus Christi Refinery for $290M This Year
El Paso Corp. plans to sell its Corpus Christi refinery for approximately $290 million this year as part of broader plans to unload $1.1 billion worth of petroleum assets in 2003 as the pipeline tries to drum up much needed cash.
February 11, 2003
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