Houston Exploration puts up $155 million for Gulf assetsPlans to spend up to $50 million developing gas properties Petroleum News
The Houston Exploration Co., a small but rapidly growing independent, has cut its biggest deal to date, agreeing to buy all of the shallow-water Gulf of Mexico assets of privately held Transworld Exploration & Production for $155 million in cash.
Expected to close Oct. 15, the acquisition would giv....
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15 offshore platforms included
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