Kerr-McGee, Oryx join U.S. merger frenzy

10/26/1998
Kerr-McGee/Oryx Combination Profile [116,135 bytes] Consolidation continues apace in the U.S. oil and gas industry with the planned merger of Kerr-McGee Corp. and Oryx Energy Co. in an exchange of stock transaction valued at $1.86 billion. The merger, involving Kerr-McGee's acquisition of Oryx and its assumption of $1.3 billion in Oryx debt, will create what the two firms describe as the fourth largest independent exploration and production company in the U.S. The combined companies will have proved reserves totaling more than 1 billion boe worldwide. Kerr-McGee, based in Oklahoma City, has followed a strategy of fine-tuning its focus for a number of years, devolving fr...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected