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Energen Completes Acquisition of Permian Property.

Publication: Mergers & Acquisitions Business
Publication Date: 16-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Energen Corporation (NYSE: EGN) announced that it has completed the acquisition of Range Resources Corporation's interests in the Fuhrman-Mascho Field in the Permian Basin. The purchase price of $182 million is subject to standard industry closing adjustments. The effective date of the sale is May 1, 2009.

As previously disclosed, the acquisition includes an estimated 15.3 million barrels of oil equivalent (MMBOE) proved...

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