Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
EEX to merge with Newfield, CMS to sell E&P unit. EEX Corp. has entered into a definitive merger agreement with Newfield Exploration Corp. Tom Hamilton, Chairman, President and CEO of EEX said, "This merger combines two strong onshore U.S. production companies and will provide significant economies of scale in their operation. The combined companies will have the strong balance sheet necessary to realize the potential value represented by EEX’s Llano area assets and Gulf of Mexico deep prospect exploration inventory." The transaction is expected to close in third-quarter 2002. Meanwhile, CMS Energy Corp. plans to put its E&P unit, CMS Oil and Gas Co., up for sale, and exit the upstream business. CMS said it expects to conduct a competitive auction process and will provide details to interested parties in the near future. Proceeds from the sale will be additive to the firm’s total $2.4 billion of cash proceeds from sales, securitization proceeds and LNG monetization, which will go toward its $2.9-billion asset optimization goal by year-end 2002.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Bucharest - April 28-30
Houston, TX - May 5-8
Savannah, GA - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.