Plains takes Nuevo Energy in $945 million stock dealCompanies have considerable overlap in core areas in California and South Louisiana, will have proved reserve base of 489 million barrels of oil equivalent Ray Tyson Petroleum News Houston Correspondent
Plains Exploration & Production Co., less than a year after taking out 3TEC in the company’s biggest deal ever, has agreed to acquire fellow independent Nuevo Energy in a $945 million stock deal that essentially doubles the size of the fast-growing company.
Plains management, which includes among it....
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Proved reserve base of 489 million boe Merger strictly a stock deal
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