COMPANY NEWS: Oxy to buy assets from Plains E&P for $865 million

08/21/2006
Occidental Petroleum Corp. has agreed to buy oil and gas properties, mainly in California and Texas, from Plains Exploration & Production Co., Houston, and certain subsidiaries, for $865 million. The transaction is expected to close by Sept. 30.In other recent company news: GE Energy Financial Services agreed to buy Kinder Morgan Inc.’s natural gas retail distribution and related operations in Colorado, Nebraska, Wyoming, and Hermosillo, Mexico, for $710 million, plus working capital. Total SA acquired Chevron Corp.’s 17% interest in the Brass LNG project in the Niger Delta, 90 km west of Bonny Island, Nigeria. Terms of the transaction were not disclosed. Colombia will pri...
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