By OGJ editors
HOUSTON, June 23 -- Whittier Energy Corp. completed the acquisition of private RIMCO Production Co. Inc. for $56 million. Both are Houston companies.
The acquisition consisted of working interests in 116 active wells and one unit in 18 producing fields in Texas, Louisiana, Alabama, and the Permian Basin. Acquired reserves are 24.6 bcfe of proved reserves, 8.4 MMcfed of production, and significant undeveloped acreage with multiple prospects.
The main properties acquired are Tom East Field, Esperson Dome field, and Windham field in Midland County, Tex., and in Louisiana West Coffee Bay field in Lafourche Parish, Vinton Dome field in Calcasieu Parish, and the greater Duson area in Lafayette Parish.
RIMCO, founded in 1988, has a geological and geophysical staff and almost 400 sq miles of proprietary 3D seismic data with access to another 500 sq miles of licensed 3D data.