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Heavy demand for domestic oil and gas properties has spawned a new Houston company.
Madison Energy Advisors Inc. was formed last week to give mid-sized independent oil patch companies an alternative marketing option. The company arranges sales in the $1 million to $20 million range between oil and gas firms wanting to divest properties and buyers seeking acquisitions.
The creation of Madison Energy comes at a time when the demand for such services is high. Energy firms continue to consolidate their property portfolios in the wake of the industry downturn in the mid-1980s. Major oil companies have been shifting more operations overseas and independents have …