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.
Rich
Articles from Rich
Chevron’s Viosca Knoll Production Triples
A rich pocket of natural gas in the shallow waters off the coast of Mississippi is paying off handsomely for Chevron U.S.A. Production Co., which reports that production has more than tripled this year in its Viosca Knoll Carbonate Trend to 230 MMcf/d, up from 60 MMcf/d in 1999.
December 25, 2000
Chevron’s Viosca Knoll Production Triples
A rich pocket of natural gas in the shallow waters off the coastof Mississippi is paying off handsomely for Chevron U.S.A.Production Co., which said yesterday that production has more thantripled this year in its Viosca Knoll Carbonate Trend to 230MMcf/d, up from 60 MMcf/d in 1999.
December 20, 2000
Sentry Buys in Mackenzie Delta, Beaufort Sea
Canada’s Sentry Resources Corp., jumping in with the big fish ina potentially rich sea, last Friday completed a transaction givingit 100% of Georgian Bancorp Inc.’s interest in gas and oil reservesand land rights in the Mackenzie Delta and Beaufort Sea areas ofCanada.
July 17, 2000
Texas Boosting Gas-Fired, Distributed Generation
Gas-rich Texas is moving to include preferences for the fuel andfor distributed generation in electric industry restructuring.
September 20, 1999
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