Tammany to buy Gulf of Mexico assets from Dominion

Houston independent Tammany Oil & Gas LLC has acquired the Gulf of Mexico shelf divestment package from Dominion Oklahoma Texas Exploration & Production Inc.

By OGJ editors
HOUSTON, June 12 -- Houston independent Tammany Oil & Gas LLC has acquired the Gulf of Mexico shelf divestment package from Dominion Oklahoma Texas Exploration & Production Inc. The purchase price was not disclosed.

The package contained properties in state and federal waters across the gulf, both operated and nonoperated.

Dominion Oklahoma Texas E&P, Houston, is a subsidiary of Richmond, Va.-based gas and electric utility Dominion.

Last year Dominion announced plans to divest its E&P operations except for 1 tcf of estimated proved reserves in the Appalachian basin (OGJ Online, Nov. 1, 2006).

A Tammany spokesman called the assets "a mixed bag." The deal was small compared with Dominion's previously announced divestitures, he said, adding that he could not discuss details yet because of a confidentiality agreement with Dominion.

More in General Interest