Houston-based Newfield Exploration Co. entered the new Milleniumwith a bang, agreeing to buy rival Lariat Petroleum Inc. for nearly$333 million in cash, stock and assumed debt, and boosting itsreserves by about 40%. The properties, 90% in the Anadarko Basin ofOklahoma, produce 60 MMcf/d, and include 256 Bcf of reserves.
Millenium
Articles from Millenium
AGA, INGAA, EEI Lose Major Members; NGSA Plans a Comeback
The new millenium saw the loss of two major energy companies bythree national energy trade associations, the Interstate NaturalGas Association of America (INGAA), the American Gas Association(AGA), the Edison Electric Institute (EEI), while a fourth, theNatural Gas Supply Association (NGSA), says it is poised for acomeback.
January 10, 2000
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