Tom Brown antes up $268 million to diversify out of RockiesBuys small Texas, New Mexico exploration and production company Petroleum News Houston Staff
Natural gas producer Tom Brown is coughing up $268 million in cash to buy a small exploration and production company in Texas with attractive reserves and production far removed from its traditional stomping grounds in the U.S. and Canadian Rockies.
The Denver-based independent simply has been stun....
[additional news subjects in this story]
Reserves would grow to more than 1 tcf
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