Cross Timbers Oil Co. killed two birds with one stone recentlyas it sold $63.5 million of non-core assets in various RockyMountain and Midwest areas, then used the proceeds from the sale tobuy Lehman Brothers Holding’s 50% in Spring Holdings Co. The restof the proceeds from the sale were used to pay down debt, thecompany said when it revealed both transactions yesterday. CrossTimbers now owns 100% of Spring Holding Co.
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Articles from Shakes
New President Shakes Up Embattled NGSA
There appears to have been a minor shake-up at the Natural GasSupply Association (NGSA) last week. It came during Skip Horvath’sfirst week as president of the producer group that’s still reelingfrom the effects of an embezzlement scandal uncovered earlier inthe year.
August 9, 1999
New President Shakes Up NGSA
There appears to have been a minor shake-up at the Natural GasSupply Association (NGSA) this week. It comes during Skip Horvath’sfirst week as president of the producer group that’s stillrecovering from an embezzlement scandal uncovered earlier in theyear.
August 6, 1999
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