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Land Resources / News / Alabama
Energen to Purchase Additional Wolfberry Acreage in Permian Basin
Source: The Wall Street Journal Market Watch, by Julie S. Ryland
Energen Resources Corporation, the oil and gas exploration and production subsidiary of Energen Corporation (EGN 46.57, -0.39, -0.83%) , has signed a Purchase and Sale Agreement with a private seller to acquire 10,360 net Wolfberry acres in the southeast portion of the trend for $75 million. This Permian Basin acquisition is largely oil and natural gas liquids (NGL) and offers a sizeable drilling inventory. November 01, 2010
Read the complete article from The Wall Street Journal Market Watch » |
