Mexico’s energy regulatory commission (CRE) created thePuebla-Tlaxcala geographic zone for gas distribution. The zonecovers 51 municipalities in the two states. An investment of about$50 million is expected to develop the project, and Gaz de Francehas expressed an interest.
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AGA Touts Gas Utility Stocks to Small Investors
The natural gas utility industry may be small when compared toother investment opportunities, but it’s still an extremelyattractive stock play – especially for the small- to medium-sizedinvestor, said a representative of the American Gas Association(AGA) last week.
February 15, 1999
Samson Growing Through Acquisitions
Samson Investment Co. of Tulsa, OK, completed its acquisitionfrom Nuevo Energy Co. of gas properties in East Texas. The totalpurchase price was $192 million. In addition to existingproduction, the properties contain more than 135 drillinglocations. The closing follows Samson Resources’ December closings,which included the acquisition of properties in six states fromDuer Wagner & Co. for $41 million and the acquisition ofcertain properties in the Homeglen-Rimbey and Westerose areas ofAlberta, Canada from Chevron Canada Resources for $9 million bySamson Canada Ltd.
January 13, 1999
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