Tenneco raises $75 million for independents' E and P
Journal Article
·
· Oil and Gas Journal; (United States)
OSTI ID:7042503
Tenneco Gas's ventures group, Houston, has raised $75 million to invest in gas exploration and production by independent operations on the U.S. Gulf Coast. Institutional investors committed $50 million to the fund and a group of industrial investors $25 million. Tenneco the the fund will expand to accommodate additional investors through this year. This paper reports that the company's ventures group is evaluating acquisition and drilling opportunities with independents. Ventures group capital will be invested in independent exploratory, development, and producing properties.
- OSTI ID:
- 7042503
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:29; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
DEVELOPED COUNTRIES
DRILLING
EVALUATION
FEDERAL REGION VI
INDUSTRY
INVESTMENT
NATURAL GAS INDUSTRY
NATURAL GAS WELLS
NORTH AMERICA
PLANNING
TEXAS
US GULF COAST
USA
WELL DRILLING
WELLS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
DEVELOPED COUNTRIES
DRILLING
EVALUATION
FEDERAL REGION VI
INDUSTRY
INVESTMENT
NATURAL GAS INDUSTRY
NATURAL GAS WELLS
NORTH AMERICA
PLANNING
TEXAS
US GULF COAST
USA
WELL DRILLING
WELLS