Paid

Range Resources said Tuesday it paid $219 million for an unnamed company with 205 Bcfe of Appalachian oil and gas reserves, 99% of which are natural gas and only 40% of which are developed. Range said the acquisition involves the legacy oil and gas assets of an eastern coal company that date back almost a century. More than 80% of the reserves are coalbed methane.

Range Resources said Tuesday it paid $219 million for an unnamed company with 205 Bcfe of Appalachian oil and gas reserves, 99% of which are natural gas and only 40% of which are developed. Range said the acquisition involves the legacy oil and gas assets of an eastern coal company that date back almost a century. More than 80% of the reserves are coalbed methane.

Range Resources said Tuesday it paid $219 million for an unnamed company with 205 Bcfe of Appalachian oil and gas reserves, 99% of which are natural gas and only 40% of which are developed. Range said the acquisition involves the legacy oil and gas assets of an eastern coal company that date back almost a century. More than 80% of the reserves are coalbed methane.

Dynegy Inc.’s two-year restructuring struggle paid handsome returns in the third quarter, with the Houston-based company reporting profit nearly 16 times above the same period a year ago, and well above analyst forecasts. The company now expects 2004 earnings to range between 20-25 cents — busting an earlier guidance of 3-8 cents.

Continuing its rapid accumulation of producing properties, Chesapeake Energy on Tuesday announced it had paid $425 million for privately-held Greystone Petroleum LLC, which owns 214 Bcfe of proved reserves and 16,100 gross acres of leasehold in the Sligo Field in Bossier Parish, LA. The field has produced 1.6 Tcfe of gas.

El Paso Corp. said it paid out $570 million in cash on June 11 under a master agreement to settle charges that its subsidiaries manipulated natural gas and power prices in California and other western states during a span of more than six years.

El Paso Corp. said it paid out $570 million in cash Friday under a master agreement to settle charges that its subsidiaries manipulated natural gas and power prices in California and other western states during a span of more than six years.

Continuing its rapid accumulation of producing properties, Chesapeake Energy on Tuesday announced it had paid $425 million for privately-held Greystone Petroleum LLC, which owns 214 Bcfe of proved reserves and 16,100 gross acres of leasehold in the Sligo Field in Bossier Parish, LA. The field has produced 1.6 Tcfe of gas.

Calgary-based independent Canadian Natural Resources Ltd. on Friday announced it paid C$280 million for some oil and gas properties in northeast British Columbia and northwest Alberta that complement its existing acreage.