TENNECO RAISES $75 MILLION FOR INDEPENDENTS' E&P

Tenneco Gas's ventures group, Houston, has raised $75 million to invest in gas exploration and production by independent operators on the U.S. Gulf Coast. Institutional investors committed $50 million to the fund and a group of industrial investors $25 million. Tenneco said the fund will expand to accommodate additional investors through this year. The company's ventures group is evaluating acquisition and drilling opportunities with independents. Ventures group capital will be

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