Comment on Firm to Expand West Texas Energy Exploration with $2.5B Deal

Firm to Expand West Texas Energy Exploration with $2.5B Deal

ASSOCIATED PRESS — One of the largest oil producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a $2.5 billion deal that will expand its footprint in major energy-producing basins in the West. Houston-based EOG Resources, Inc. announced the agreement with Yates Petroleum on Tuesday.

 

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