As part of its portfolio rationalization effort, Texaco saidyesterday that it has agreed to sell $161.1 million worth ofsouthwestern and Midcontinent properties to Bargo Energy. Theeffective date of the purchase is January 1, 2000 and closing isexpected to occur late in the first quarter of this year.
Sheds
Articles from Sheds
Canadian BP Amoco Sheds Oil to Focus on Gas
BP Amoco is shedding its oil interests in Canada to concentrateon natural gas, with a vow to be the lowest-cost leader in aCanadian producer community tooling up to expand exports to theUnited States.The newly-merged empire’s Canadian arm has put upfor sale assets currently producing 53,300 barrels per day ornearly all of the former Amoco Canada’s oil holdings. The only gasput on the block is about 40 MMcf/d, or 4% of BP Amoco’s Canadiandaily production of about 1 Bcf which is associated with oilproperties.
June 14, 1999
Canadian BP Amoco Sheds Oil to Focus on Natural Gas
BP Amoco is shedding its oil interests in Canada to concentrateon natural gas, with a vow to be the lowest-cost leader in aCanadian producer community tooling up to expand exports to theUnited States.The newly-merged empire’s Canadian arm has put upfor sale assets currently producing 53,300 barrels per day ornearly all of the former Amoco Canada’s oil holdings. The only gasput on the block is about 40 MMcf/d, or 4% of BP Amoco’s Canadiandaily production of about 1 Bcf, which is associated with oilproperties.
June 14, 1999
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
