1993-06-08, English, Article, Other article edition: Parker & Parsley will come out on top; buying properties for $508-mil, making sale to Dreyfus. (Parker & Parsley Petroleum; Louis Dreyfus Natural Gas Holdings Corp.) Mullins, William

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Bookmark: http://trove.nla.gov.au/version/110641300
Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1993 June 8
Language
  • English

Edition details

Title
  • Parker &​ Parsley will come out on top; buying properties for $508-mil, making sale to Dreyfus. (Parker &​ Parsley Petroleum; Louis Dreyfus Natural Gas Holdings Corp.)
Also Titled
  • Parker &​ Parsley will come out on top; buying properties for $508-mil, making sale to Dreyfus.
Appears In
  • Platt's Oilgram News, v71, no.n110, 1993 June 8, p1(2) (ISSN: 0163-1284)
Author
  • Mullins, William
Published
  • The McGraw-Hill Companies, Inc., 1993 June 8
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • Parker &​ Parsley Petroleum Co is about to purchase $508 million in Prudential-Bache Energy Income Partnerships. Once the properties are assimilated, Parker &​ Parsley will sell some of them to Louis Dreyfus Natural Gas Holdings Corp for $157 million in cash. The purchase agreement settles a Parker &​ Parsley lawsuit against Dreyfus alleging interference in the purchase negotiations. In addition, the future sale of the properties to Dreyfus will reduce Parker &​ Parsley's anticipated bank borrowings for the acquisition, thereby significantly lowering long-term debt.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 13171043

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