Newfield buys Denbury’s offshore Gulf assetsIndependent raises ’04 production estimate; $187 million sale of Denbury Offshore will allow firm to focus on tertiary operations Ray Tyson Petroleum News Houston Correspondent
Independent producer Newfield Exploration, a major natural gas player on the Gulf of Mexico’s outer continental self, has acquired Denbury Resources’ Gulf assets for an adjusted $187 million, causing Newfield to raise its overall production guidance for this year by 7 to 11 percent.
“The Denbury Gul....
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Thirty-eight Gulf blocks Denbury focus will be on tertiary operations
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