COMPANY NEWS: Devon to buy Mitchell Energy for $3.1 billion

08/20/2001
Devon Energy Corp., Oklahoma City, said it would buy Mitchell Energy & Development Corp., The Woodlands, Tex., for $3.1 billion in cash and stock. When the deal is completed in the fourth quarter, Devon will become the second-largest US independent natural gas producer, after Anadarko Petroleum Corp., Houston. Other exploration and production company deals included:MarkWest Hydrocarbon Inc., Englewood, Colo., acquired two Canadian exploration and development companies for a combined $51 million.Lukoil Overseas Holding Ltd., a subsidiary of Russian company Lukoil, agreed to acquire a 55% stake in OOO AmKomi for $38.5 million. Paladin Resources PLC, London, agreed to acquire Enterprise Oil ...
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