Monday, April 16, 2007

UPDATE 2-Anadarko sells Texas assets for $750 mln

(Reuters) - The sale of the properties in Austin Chalk in central and east Texas is part of Anadarko's continuing divestment program to pay down $22.5 billion of debt incurred to finance the acquisitions of Kerr-McGee and Western Gas Resources in 2006.

EV Energy, a publicly traded exploration and production master limited partnership, paid $100 million for the assets, Houston-based Anadarko said.


Read more at Reuters.com Bonds News

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