Fueling rumors that USX-Marathon Group may separate its steeland energy businesses and then sell a beefed up oil and gasbusiness, Houston subsidiary Marathon Oil put together a $500million deal to acquire two-year-old Pennaco Energy Inc., a companywhose key assets are tied to coalbed methane (CBM) gas productionin the Powder River Basin of northern Wyoming and southern Montana.
500M
Articles from 500M
BP Proposes $500M LNG Import Terminal for Southern New Jersey
Joining the ever-growing list of proposed liquefied natural gas (LNG) import terminals aimed at serving U.S. markets, BP threw its hat into the crowded ring Thursday, announcing a planned terminal for southern New Jersey.
BP Proposes $500M LNG Import Terminal for Southern New Jersey
Joining the ever-growing list of proposed liquefied natural gas (LNG) import terminals aimed at serving U.S. markets, BP threw its hat into the crowded ring Thursday, announcing a planned terminal for southern New Jersey.
Court Grants Mirant $500M in DIP Financing
A bankruptcy court granted energy merchant Mirant Corp. $500 million in debtor-in-possession (DIP) financing on Monday. The company had asked the court to approve the financing, which will be provided through a loan from General Electric Capital Corp., to supplement its cash on hand to fund its merchant power and marketing and trading operations.
Court Grants Mirant $500M in DIP Financing
A bankruptcy court granted energy merchant Mirant Corp. $500 million in debtor-in-possession (DIP) financing on Monday. The company had asked the court to approve the financing, which will be provided through a loan from General Electric Capital Corp., to supplement its cash on hand to fund its merchant power and marketing and trading operations.
El Paso Sets up $500M Drilling Deal with Lehman, Nabors
El Paso Corp. is teaming up with investment banker Lehman Brothers and drilling operator Nabors Industries Ltd. for about $500 million worth of drilling activity in two unspecified locations in the next nine to 12 months.
El Paso Sets up $500M Drilling Deal with Lehman, Nabors
El Paso Corp. is teaming up with investment banker Lehman Brothers and drilling operator Nabors Industries Ltd. for about $500 million worth of drilling activity in two unspecified locations in the next nine to 12 months.
Dynegy Could be Delisted; Sells UK Assets for $500M
As expected, the New York Stock Exchange notified Dynegy Inc. Thursday that the company’s average share price for its Class A common stock has fallen below the price criteria for continued listing.
El Paso Sells $525M in Reserves; Will Sell $500M More in E&P Assets
El Paso Corp said it closed on oil and gas property sales totaling $525 million in the first quarter of 2002, and is on track to reach $2.25 billion in assets sales by this summer as part of its balance sheet strengthening program.
$500M Deal Grows BP Amoco Gas Holdings
BP Amoco strengthened its position as North America’s No. 1 gasproducer through a $500 million deal to buy a significant part ofRepsol-YPF’s holding in Crescendo Resources, a major gas producerand processor in Texas and Oklahoma.