ARCO sheds $360 million in lower 48 properties

Journal Article · Mon Dec 07 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:6964963

This paper discusses oil and gas production which continues to change hands in the U.S., with ARCO Oil and Gas Co. shedding 146 producing leases in three hefty transactions valued together at about $360 million. Anadarko Petroleum Corp., Houston, agreed to spend $208.9 million on a Permian basin reserves purchase from ARCO. Vintage Petroleum Inc., Tulsa, plans to spend $90 million on some of ARCO's California properties. And Snyder Oil Corp., Forth Worth, will pay about $60 million for some of ARCO's Rocky Mountain leases. ARCO said altogether the leases amount to about 60% of its western district oil and gas fields but only 10% of the district's reserves.

• OSTI ID: 6964963
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:49; ISSN 0030-1388; ISSN OIGJAV
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CONTRACTS
DEVELOPED COUNTRIES
ECONOMIC ANALYSIS
ECONOMICS
GEOLOGIC DEPOSITS
INDUSTRY
LEASES
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
NATURAL GAS INDUSTRY
NORTH AMERICA
OIL FIELDS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
RESOURCES
USA