ARCO SHEDS $360 MILLION IN LOWER 48 PROPERTIES

Oil and gas production continues to change hands in the U.S., with ARCO Oil & Gas Co. shedding 146 producing leases in three hefty transactions valued together at about $360 million. Anadarko Petroleum Corp., Houston, agreed to spend $208.9 million on a Permian basin reserves purchase from ARCO. Vintage Petroleum Inc., Tulsa, plans to spend $90 million on some of ARCO's California properties. And Snyder Oil Corp., Fort Worth, will pay about $60 million for some of ARCO's Rocky

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