El Paso to acquire Medicine Bow Energy

July 19, 2005
El Paso Production Holding Co. plans to acquire the privately held Medicine Bow Energy Corp. for $814 million.

By OGJ editors
HOUSTON -- El Paso Production Holding Co. plans to acquire the privately held Medicine Bow Energy Corp. for $814 million.

Medicine Bow Energy, Denver, has an estimated 356 bcfe of proved reserves, 65% natural gas, mostly in the Rockies and East Texas.

The transaction is expected to close during the third quarter.