COMPANY NEWS: Newfield Exploration to buy EEX for $640 million

Newfield Exploration Co. has signed an agreement to acquire EEX Corp. in a deal valued at $640 million. The transaction-which will include the assumption of debt, net of cash, in addition to other existing obligations-is expected to close in the third quarter, subject to the approval of EEX's common shareholders and other regulatory approvals, Newfield said. Upon closing of the deal, EEX will become a wholly owned subsidiary of Newfield. Both companies are based in Houston.In other company news:As expected, Occidental Petroleum Corp. has signed a definitive agreement with state-owned UAE Offsets Group (UOG) to acquire a 24.5% interest in the Dolphin gas project for $310 million. In si...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected