XTO Energy completes acquisition of San Juan Basin coalbed methane, natural gas properties - July 06, 2003

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2003

Vol. 8, No. 27

Week of July 06, 2003

XTO Energy completes acquisition of San Juan Basin coalbed methane, natural gas properties

Petroleum News Houston staff

XTO Energy has completed the previously announced acquisition of coalbed methane and natural gas producing properties in the San Juan Basin of New Mexico and Colorado from Markwest Hydrocarbon Inc. of Denver, Colo., for $51 million, XTO said July 1.

The final closing price reflects closing adjustments and a reduction of $7.9 million withheld for a preferential purchase rights which must be exercised by July 16, 2003, the company said.

The acquisition will contribute about 8,200 million cubic feet per day of natural gas to the company’s production base beginning July 1.

Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)ï¿½1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law.