|
|
Article: Tulsa World, Okla., Business Briefs Column.
- Article from:
- Tulsa World (Tulsa, OK)
- Article date:
- November 11, 2003
CopyrightCOPYRIGHT 2003 Tulsa World. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nov. 11--VINTAGE TO ACQUIRE PROPERTIES IN UTAH: Vintage Petroleum Inc. announced Monday the signing of an agreement to acquire producing properties in the Uinta basin of Utah for $52.5 million, subject to customary closing adjustments from the transaction's June 1, 2003, effective date.
The agreement calls for Vintage to acquire an approximately 80 percent, operated working interest in fields primarily in Duchesne and Uintah counties in Utah covering more than 200,000 net acres from various subsidiaries of El Paso Corp.
Current net production attributable to the properties is estimated at 2,000 barrels of oil and natural gas liquids per day and 920 ...