COMPANY NEWS: Santos to acquire Delhi ,increase Cooper basin stake

07/24/2006
Santos Ltd. agreed to buy Delhi Petroleum Pty. Ltd. for $474 million (Aus.) in equity and debt. The acquisition is part of the Adelaide-based firm’s efforts to increase its stake in oil and gas fields in the Cooper basin.In other recent company news: Noble Energy Cameroon Ltd. will become operator of the PH-77 license off Cameroon by acquiring ConocoPhillips’s 50% participating interest. Penn Virginia Corp., Radnor, Pa., on June 13 closed its $71.5 million acquisition of Crow Creek Holding Corp., a private Tulsa company formerly held by Natural Gas Partners, Dallas. XTO Energy Inc. plans to buy privately held Peak Energy Resources Inc., a Barnett shale producer, for $105 milli...
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