COMPANY NEWS: Patina Oil & Gas to acquire Bravo in $119 million deal

Patina Oil & Gas Corp. said it will acquire privately held Bravo Natural Resources Inc. of Tulsa for $119 million. The transaction marks Patina's second significant acquisition in the last 30 days.Other recently reported or planned merger and acquisition activities include:•India's state-owned Oil & Natural Gas Corp. (ONGC) plans to invest $1.24 billion during the ongoing fiscal year to acquire oil equity abroad, in view of declining domestic oil output and in the absence of any major oil discoveries at home in recent years.•Fort Worth-based Quicksilver Resources Inc. signed an agreement to buy the Michigan natural gas assets of Enogex Exploration Corp., Oklahoma City, f...

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