Company News - US independent E&P firms top recent M&A activity

Several US independents have been actively acquiring or merging with companies smaller than themselves, and XTO Energy Inc., Fort Worth, announced plans to acquire a package of properties from ChevronTexaco Corp.Recent deals include:Pioneer Natural Resources Co., Dallas, and Evergreen Resources Inc., Denver, said their boards have approved a $2.1 billion merger in which Evergreen will become a Pioneer subsidiary.XTO plans to buy 150 oil and natural gas properties from ChevronTexaco Corp. for $1.1 billion in a move to expand XTO's existing operations, to enter a coalbed methane play in the Rocky Mountains and a new operating region in South Texas.Chesapeake Energy Corp., Oklahoma City,...

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