Merger

The House Armed Services Committee said Friday it will hold a hearing on Wednesday to decide whether a possible merger of Unocal Corp. with the China National Offshore Oil Corp. (CNOOC) raises national security concerns.

The House Armed Service Committee said Friday it will hold a hearing on Wednesday to decide whether a possible merger of Unocal Corp. with the China National Offshore Oil Corp. (CNOOC) raises national security concerns. And in a letter to Unocal last week, attorneys general from Texas, California, Montana and New Mexico said they are seeking assurances that the company will honor its environmental obligations if CNOOC’s $18.5 billion offer is successful.

Magnum Hunter Resources Inc., which will finalize a $1.9 billion stock merger Cimarex Energy Co. in early June, on Wednesday reported oil and natural gas production was up 26% from a year ago. The company also said it remains on track for production to grow 10-16% this year.

In an effort to become more competitive for future acquisitions, obtain a lower cost of capital and build a more diversified asset portfolio, Viking Energy Royalty Trust and Calpine Natural Gas Trust (CNG Trust) announced plans to merge their two exploration and production operations, which are concentrated in Alberta.

In an effort to become more competitive for future acquisitions, obtain a lower cost of capital and build a more diversified asset portfolio, Viking Energy Royalty Trust and Calpine Natural Gas Trust (CNG Trust) announced plans to merge their two exploration and production operations, which are concentrated in Alberta.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said last week. Mulva and his executive team on Wednesday outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said Wednesday. Mulva and his executive team outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said Wednesday. Mulva and his executive team outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

Dallas-based Atmos Energy Corp., which has made steady acquisitions for the past 18 years, made its biggest buy ever last week, announcing it will buy substantially all of the operations of TXU Gas Co., a subsidiary of TXU Corp., in an all-cash transaction valued at $1.925 billion. The deal will make Atmos the largest pure-play natural gas distribution business in the United States.