INDUSTRY BRIEFS

PARKER & PARSLEY PETROLEUM CO., Midland, Tex., completed its tender offer for 33 of 35 Prudential-Bache Energy Income limited partnerships and is continuing its tender for the remaining two. Total accepted partnership units represent a tender offer price of more than $293 million. Parker & Parsley expects to complete the merger, which will boost its reserves about 60% to 202 million bbl of oil equivalent, in about 45 days. It initially offered $557 million to acquire all units in all the

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