Living up to its Encore Acquisition Co. moniker, the Fort Worth-based company announced late Thursday its second $400 million oil and natural gas asset acquisition in a little more than a week. The company’s latest agreement is with Howell Petroleum Corp. and Kerr-McGee Oil and Gas Onshore LP, subsidiaries of Anadarko Petroleum Corp., to purchase oil and natural gas properties in the Williston Basin in Montana and North Dakota for $410 million in cash.
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Encore Acquires Additional Producing Properties in Second $400M Deal
Living up to its Encore Acquisition Co. moniker, the Fort Worth-based company announced late Thursday its second $400 million oil and natural gas asset acquisition in a little more than a week. The company’s latest agreement is with Howell Petroleum Corp. and Kerr-McGee Oil and Gas Onshore LP, subsidiaries of Anadarko Petroleum Corp., to purchase oil and natural gas properties in the Williston Basin in Montana and North Dakota for $410 million in cash.
Spectra Energy: Duke’s New Stand-Alone Gas Company
Discarding the temporary Gas SpinCo Inc. moniker, Charlotte, NC-based Duke Energy announced last week that its existing natural gas business will be called Spectra Energy Corp. when the operations become a stand-alone, publicly traded company, which is still targeted to take place Jan. 1, 2007.
Spectra Energy: Duke’s New Stand-Alone Gas Company
Discarding the temporary Gas SpinCo Inc. moniker, Charlotte, NC-based Duke Energy announced Monday that its existing natural gas business will be called Spectra Energy Corp. when the operations become a stand-alone, publicly traded company, which is still targeted to take place Jan. 1, 2007.