1993-06-18, English, Article, Other article edition: Apache grabs majority stake in HERC ... and shows signs of wanting more. (Hadson Energy Resources Corp.) Mullins, William

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Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1993 June 18
Language
  • English

Edition details

Title
  • Apache grabs majority stake in HERC ... and shows signs of wanting more. (Hadson Energy Resources Corp.)
Also Titled
  • Apache grabs majority stake in HERC ... and shows signs of wanting more.
Appears In
  • Platt's Oilgram News, v71, no.n118, 1993 June 18, p5(1) (ISSN: 0163-1284)
Author
  • Mullins, William
Published
  • The McGraw-Hill Companies, Inc., 1993 June 18
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • Apache Corp has reached agreement with Hadson Corp to buy 4.2 million shares of Hadson Energy Resources (HERC) for $58.8 million. Apache also intends to propose a merger offer to the remaining HERC shareholders. Apache maintains that HERC operations, both in Western Australia and Oklahoma, are a very good fit with its own operations and plans. As of Dec 31, 1992, HERC had estimated proven reserves of 21.6 million barrels of oil equivalent.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 13173963

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