Providence acquires GoM assets from Triangle Oil and Gas

May 7, 2008
Providence Resources has agreed to acquire a portfolio of producing and development assets in the US Gulf of Mexico from Triangle Oil and Gas for $67.5 million.

Offshore Staff

DUBLIN, Ireland -- Providence Resources has agreed to acquire a portfolio of producing and development assets in the US Gulf of Mexico from Triangle Oil and Gas for $67.5 million. The transaction is subject to regulatory approvals.

The portfolio of assets to be acquired represents all of Triangle's material hydrocarbon assets and comprises interests in eight producing fields and two development assets with cumulative net production of around 6 MMcf/d of gas and 300 b/d of oil.

05/07/2008

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