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ORYX CLOSES ON BULK OF BP ACREAGE DEAL

08.01.1990 / Energyboardroom

Oryx Energy Co., Dallas, last week completed the purchase of most of the oil and gas properties it is obtaining from British Petroleum Co. plc for $1.1 billion. With the complete transaction scheduled to add 264 million bbl of reserves, Oryx laid claim to title as the world's largest independent producer (OGJ, Oct. 23, 1989, p. 17). Last week's closings covered Indonesian and most U.K. properties involved in the deal. Scheduled for closing later in this quarter are sales of the

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