HUNT TO BUY PACIFIC ENTERPRISES' U.S. PRODUCTION

Hunt Oil Co., Dallas, has agreed to buy substantially all of the oil and gas assets of Pacific Enterprises Oil Co. (U.S.A.), a subsidiary of Pacific Enterprises, Los Angeles. Hunt will pay $371 million for leases mainly in Texas, Wyoming, Louisiana, and Mississippi. The acquired properties will add oil and gas reserves of about 63 million bbl of oil equivalent and nearly 1.4 million gross leasehold acres to Hunt's exploration and production assets.

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