Kerr-McGee takes Westport Resources in $3.4 billion deal
Ray Tyson Petroleum News Houston correspondent
Oklahoma’s Kerr-McGee has agreed to take Denver’s Westport Resources in a $3.4 billion stock merger that would boost Kerr-McGee’s reserves by 30 percent and production by 34 percent, while expanding Kerr-McGee’s exposure to North American natural gas.
For Westport, the merger would give its shareho....
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Proved reserves up by nearly 30 percent
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