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COMPANY NEWS: Magnum Hunter, Prize Energy to merge in $1.2 billion deal

01/07/2002
Some US-based oil and gas companies are continuing to pair off while others are strengthening their core assets through key property acquisitions.Last month, Magnum Hunter Resources Inc. said it planned to merge with Prize Energy Corp. to form a $1.2 billion independent oil and gas company. The firm, which will retain the Magnum Hunter name, will be headquartered in Irving, Tex.Also last month, Kinder Morgan Energy Partners LP (KMP) said it would purchase Tejas Gas LLC-a wholly owned subsidiary of InterGen (North America) Inc.-for $750 million in cash. The deal is expected to close in the first quarter.Separately, KMP said it plans to acquire Enron Corp.´s 33.3% interest in Trailbla...
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