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Anadarko to acquire Howell in $205 million deal. (Company News).(Brief Article)
Anadarko Petroleum Corp. said it will acquire Houston-based Howell Corp. in a cash deal valued at $265 million, which includes an estimated $65 million of Howell's bank debt once the deal doses. Anadarko is touting the acquisition as the "cornerstone" of a much larger effort to expand its oil production in Wyoming, which is where most of Howell's interests are located.
Separately, Anadarko agreed to acquire from a unit of Petro Source investments Inc., Houston, the right to purchase "significant quantities" of carbon dioxide and the exclusive rights to market and transport LaBarge C[O.sub.2] production into Wyoming's Powder River basin.
In other recent company news, US antitrust regulators gave conditional approval for Shell Oil Co., a wholly owned member of the Royal Dutch! Shell Group, to …
