ARCO SELLS MORE LOWER 48 ASSETS

12/14/1992
Castle Energy Corp., Blue Bell, Pa., has acquired oil and gas assets from ARCO for $94.534 million. ARCO late last month divested other Lower 48 assets valued at a combined $360 million in a flurry of transactions with three U.S. independent producers (OGJ, Dec. 7, p. 26). WHAT'S INVOLVED Included in the latest deal is a 77 mile intrastate natural gas pipeline, several gas contracts, and interests in about 100 producing oil and gas wells. The pipeline is in Rusk County, Tex., and includes high and low pressure gathering lines, dehydration units, and six compressor stations. The oil and gas...
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