ARCO TO REORGANIZE OPERATIONS IN U.S. LOWER 48

ARCO plans an extensive reorganization of its oil and gas operations in the U.S. Lower 48 states. Such operations are conducted by ARCO Oil & Gas Co. at present. ' ARCO Oil & Gas Co., with headquarters in Dallas, will be divided into four, self-supporting business units. Each will have its own assets, operations, and business strategies. A loss of 900-1,000 jobs is expected by the end of the switch to the new setup.

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