Anadarko, Newfield strike deal to purchase TXCO assets in Texas

01/12/2010 | Houston Chronicle (tiered subscription model)

Anadarko Petroleum and Newfield Exploration will pay up to $310 million to acquire the Maverick Basin properties of bankrupt TXCO Resources. Anadarko will purchase more than 80,000 net acres in the area for $93 million, while Newfield will buy "substantially all" remaining assets for $217 million, the companies said.

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