A deal to joint venture the Permian Basin oil and gas producingassets of ARCO Permian, an ARCO subsidiary, and Chevron USAProduction will save the companies money and serve as a platformfor the addition of other Permian interests.
Money
Articles from Money
CNG Boosting Budget Commitment to E&P
Consolidated Natural Gas (CNG) is taking advantage of depressedprices in the E&P sector and spending more of its money where itsees the most long-term bang for the buck. Having pulled out of themarketing business, CNG’s $524.5 million capital budget for 1999continues the company’s focus on expanding its exploration andproduction business. More than 60% of the 1999 budget is allocatedto CNG’s E&P subsidiary, CNG Producing Co.
November 16, 1998
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