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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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