Big Independents Flee Shallow Gulf

Terzo, Gerelyn
January 2006
Investment Dealers' Digest;1/30/2006, Vol. 72 Issue 4, p11
Trade Publication
The article reports that independent energy companies are selling their assets in the shallow Gulf of Mexico. Energy companies are experiencing difficulties in production because of the following reasons: decline rates of properties and slip in production in the aftermath of hurricanes in 2005. Meanwhile, the two major deals that took place in the industry include Kerr-McGee Corp.'s sale of its GOM properties to W&T Offshore Inc. and the cash-and-stock deal for Remington Oil & Gas Corp. by Cal Dive International Inc.


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