Ending with an unexpected twist at the end of a bidding war for bankrupt San Antonio-based TXCO Resources Inc.’s oil and gas assets in the Maverick Basin of Southwest Texas, Newfield Exploration Co. and Anadarko Petroleum Corp. — once competitors for the assets — announced a joint transaction last week valued at up to $310 million.
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Newfield, Anadarko Come Together on $310M TXCO Asset Purchase
Ending with an unexpected twist at the end of a bidding war for bankrupt San Antonio-based TXCO Resources Inc.’s oil and gas assets in the Maverick Basin of Southwest Texas, Newfield Exploration Co. and Anadarko Petroleum Corp. — once competitors for the assets — announced a joint transaction Tuesday valued at up to $310 million.
January 13, 2010
Anadarko Outbids Newfield for TXCO Resources
Anadarko Petroleum Corp. has agreed to buy the majority of bankrupt San Antonio-based TXCO Resources Inc. Anadarko’s bid of as much as $310 million beat an earlier offer from Newfield Exploration Co.
January 11, 2010
Anadarko Outbids Newfield for Remains of TXCO Resources
Anadarko Petroleum Corp. has agreed to buy the majority of bankrupt San Antonio-based TXCO Resources Inc. Anadarko’s bid of as much as $310 million beat an earlier offer from Newfield Exploration Co.
January 5, 2010
Tapped-Out Texas Producer Struggling to Survive
The wolf could be at the door of tiny San Antonio, TX-based producer TXCO Resources Inc. any day. The company has run out of money, pledged most of its assets to creditors and is looking for options including a merger or sale. However, it does enjoy positive cash flow and could turn things around given enough time, CEO James Sigmon told investors Thursday.
March 23, 2009
Tapped-Out Texas Producer TXCO Resources Struggling to Survive
The wolf could be at the door of tiny San Antonio, TX-based producer TXCO Resources Inc. any day. The company has run out of money, pledged most of its assets to creditors and is looking for options including a merger or sale. However, it does enjoy positive cash flow and could turn things around given enough time, CEO James Sigmon told investors Thursday.
March 23, 2009
Oasis Pipeline Ruptures in Central Texas
A 36-inch diameter portion of the Oasis Pipeline System’s Waha-to-Katy line at a remote location in Central Texas, between San Antonio and Austin, ruptured and an explosion appears to have damaged a compressor station early Thursday morning.
August 29, 2008
Escondido Kicks Off Open Season at TX Storage Project
Escondido Gas Storage LLC is holding a nonbinding open season for its natural gas storage project located southeast of San Antonio, TX, in Karnes and Live Oak counties. The open season for firm and interruptible storage service will run through 5 p.m. CST Feb. 15.
January 14, 2008
Escondido Kicks Off Open Season at TX Storage Project
Escondido Gas Storage LLC is holding a nonbinding open season for its natural gas storage project located southeast of San Antonio, TX, in Karnes and Live Oak counties. The open season for firm and interruptible storage service will run through 5 p.m. CST Feb. 15.
January 10, 2008
Abraxas Partnership to Launch IPO for Drilling Expansion
San Antonio-based Abraxas Energy Partners LP said Friday it will launch an initial public offering (IPO) to secure funding for its South and West Texas drilling programs. Timing and financial details were not disclosed.
July 16, 2007
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