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Article: The Meridian Resource Corporation Announces Acreage Accumulation.
- Article from:
- Business Wire
- Article date:
- April 21, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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)
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HOUSTON--(BUSINESS WIRE)--April 21, 1998--The Meridian Resource Corporation (NYSE:TMR) announced successful bids at the most recent Louisiana State Lease Sale on five (5) key Louisiana lease tracts located within the Rockefeller Refuge. The tracts were part of an exclusive 3-D Seismic option covering 250 square miles which the State of Louisiana granted to GECO-Prakla. Meridian and its partner, Burlington Resources, (NYSE:BR) (who acquired The Louisiana Land and Exploration Company in 1997), participated in a group of six underwriting companies. The tracts acquired comprised over 5,000 acres with Meridian and Burlington each owning a 50 percent interest as part of the ...